Why A Star Fund Manager Is Starting Over

Irene Hoover was No.1. So why did she bow out?

In the breakneck performance derby ruling the mutual-fund business, stranger things have surely happened. But when the Jurika & Voyles Mini-Cap Fund finished the most recent quarter with the best three-year record among general stock funds--a feat that ordinarily sends fund marketers into paroxysms of joy--no ads were bought featuring the fund and its manager. Instead, the fund had to switch managers.

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