Ron Baron was effusive Thursday afternoon as the Nasdaq was winding up the day for a 32-point gain. He did some quick calculations.
"This is a $160 million day for us," said Baron, whose firm manages $14 billion in assets.
There have been plenty of big days like that over the years for the shareholders of the $1.2 billion Baron Partners Fund (Nasdaq:BPTRX - News). The fund has an IBD 36-Month Performance Rating of A+, putting it in the top 5% of all mutual funds.
It was up 16.72% year to date going into Tuesday compared with 9.38% for mid-cap growth funds tracked by Morningstar and 5.06% for the S&P 500. Its three-year average annual return through Oct. 31 was 30.2% against 16.48% for its peers and 12.84% for the S&P.
http://biz.yahoo.com/ibd/051122/funds.html?.v=1
"This is a $160 million day for us," said Baron, whose firm manages $14 billion in assets.
There have been plenty of big days like that over the years for the shareholders of the $1.2 billion Baron Partners Fund (Nasdaq:BPTRX - News). The fund has an IBD 36-Month Performance Rating of A+, putting it in the top 5% of all mutual funds.
It was up 16.72% year to date going into Tuesday compared with 9.38% for mid-cap growth funds tracked by Morningstar and 5.06% for the S&P 500. Its three-year average annual return through Oct. 31 was 30.2% against 16.48% for its peers and 12.84% for the S&P.
http://biz.yahoo.com/ibd/051122/funds.html?.v=1
