Dan Culloton: The Fund Medalist of the Week is RiverPark/Wedgewood (RWGFX). It's a fund run by a group of subadvisors in St. Louis, Missouri. It's a concentrated growth fund.
The reason why we like this fund is because they don't try to out-trade anybody or out-asset-allocate anybody. What they try to do is stay within their circle of competence, which is knowing a few stocks very, very well and buying them when they are inefficiently priced and holding them for the long term.
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Dan Culloton does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.