AllianceBern S/M Cap Growth ACHCLX

Morningstar Rating

Fund Research and Analysis

by Katie Rushkewicz

AllianceBernstein Small/Mid Cap Growth is off to a strong start under a new team, but there are still some concerns.

Lead manager Bruce Aronow admits that the quantitative model that his team uses as a first step for screening stocks has been out Read more

Kudos

New managers have several years of experience running other funds, including institutional and private accounts.

The management team has a large research infrastructure supporting it. Read more

Risks

Recent manager and strategy change.

New managers' record at another fund is mixed.

The fund will own more small-cap stocks in the future.

Fees have increased due to the fund's shrinking asset base, making it more expensive than its average peer. Read more

Strategy

A major strategy change took effect in November 2008 when manager Catherine Wood was replaced by Bruce Aronow and team. While Wood's thematic approach often took investors on a wild ride, Aronow's approach Read more

Management

As part of this fund's makeover, Catherine Wood and her team were replaced by AllianceBernstein's Small/Mid Cap Growth team. That team, which has run AllianceBernstein Small Cap Growth QUASX since January 2000, includes Bruce Aronow, Kumar Kirpalani, Read more

Inside Scoop

This fund underwent a makeover in late 2008, transforming from an erratically behaving thematic growth fund to a less volatile offering that combines quantitative and fundamental Read more

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