By Chuck Hastings, Portfolio Manager,
B. Riley Diversity Equity Fund
At the end of 2015, we decided to narrow the focus of the Fund by limiting the portfolio to the best ideas of the B. Riley & Co. LLC Research Department. Reducing the Fund’s holdings from over 100 companies to the current number of 27 has slightly increased the volatility of the Fund, but has had a very positive affect on the Fund’s performance.
We remain confident in the B. Riley & Co. LLC Research Department. Combining their deep fundamental research on companies that are often times overlooked by the rest of Wall Street with a rules-based approach to portfolio management provides a compelling and unique small and micro-capitalization focused fund.
To see our fund performance, download our factsheet.