{"id":4117,"date":"2006-03-13T00:00:00","date_gmt":"2006-03-13T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"needham-sees-bright-side-of-tarnished-firms","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2006\/needham-sees-bright-side-of-tarnished-firms.html","title":{"rendered":"Needham sees bright side of tarnished firms"},"content":{"rendered":"<p>Seattle Times &#8211; Vincent Gallagher and James Kloppenburg put together the second-best performance among U.S. growth mutual funds during the past decade by buying shares of companies in financial orregulatory turmoil.<\/p>\n<p>  Now, the managers of the Needham Growth Fund are investing in American International Group (AIG), Motorola, Tyco International and Merck, whose stocks got battered.<\/p>\n<p>  &#8220;When the market doesn&#8217;t want to buy them, that&#8217;s usually a good time to jump in,&#8221; Gallagher, 62, said from his office at Needham &amp; Co. in New York.<\/p>\n<p>  The contrarian strategy led the $226 million Needham Growth Fund to average returns of 19 percent during the past 10 years.<\/p>\n<p><a href=\"http:\/\/seattletimes.nwsource.com\/html\/businesstechnology\/2002859814_bloomfundmarch12.html\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seattle Times &#8211; Vincent Gallagher and James Kloppenburg put together the second-best performance among U.S. growth mutual funds during the past decade by buying shares of companies in financial orregulatory turmoil. Now, the managers of the Needham Growth Fund are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4117","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=4117"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/4117\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=4117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=4117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=4117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}