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By Ryan Leggio | 06-11-2009 12:00 PM

What RS Uncovered in Tech and Energy

Allison Thacker, co-manager of multiple RS growth funds, says last fall's sell-off didn't differentiate between high- and low-quality energy firms and also punished healthier tech stocks, creating opportunity.

Ryan Leggio: Hi, I'm Ryan Leggio. I'm a mutual fund analyst here at Morningstar. With me today is Allison Thacker, co-portfolio manager of multiple RS growth funds. Allison, thanks so much for joining us.

Allison Thacker: Great, thanks for having me here.

Leggio: Allison, something I wanted to ask you about was the new team structure that RS implemented on multiple funds earlier this year. I was wondering if you could talk a little bit about what you see as the advantages of managing a mutual fund in a team structure.

Thacker: Sure. We actually started this process originally with our technology sector fund. What we found was that the team structure allowed deeper research expertise to be closer to the portfolio. In 2006, we were looking at a lot of our diversified funds. We realized our research organization was surfacing a lot of really excellent stock ideas, but that maybe they weren't getting into the portfolio at the correct weighting, or perhaps not at the correct entry price.

We decided that by moving trading to the edge of the portfolio, closer to the people that had the most information about the stocks, we could capture more alpha on a particular name.Read Full Transcript

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