Micro Cap Fund
Characteristics
- Market Cap < $600 Million
- Fundamental Research on Industries & Economy
- Analysis of Company-Specific Factors (i.e. product cycles, management)
- Rigorous Valuation Screening
- Fund will close to new investors at $250 million
Strategy
All of the Buffalo equity mutual funds follow a common strategy. The first step involves the identification of fundamental trends that we believe will play out over the next three to five years. These trends must be well defined and measurable. The second step consists of identifying the companies that can potentially benefit from the continuation of these trends. Finally, a valuation and business model analysis of each company is performed. This includes fundamental analysis which focuses on firms that we believe can either sustain or grow their profit margins, have a solid management team, and have the financial strength to weather difficult economic environments.
Investment Team
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The Buffalo Micro Cap Fund is managed by two co-managers, supported by an experienced investment analysis and research staff. The managers are Grant Sarris (left), CFA and John Bichelmeyer (right), CFA.
Mr. Sarris joined KCM in 2003 as a Portfolio Manager. He holds a B.A. from the University of Wisconsin, a M.B.A from the University of Minnesota and is a Chartered Financial Analyst. Prior to joining KCM, he was with Waddell & Reed in Overland Park, Kansas for 12 years. Mr. Sarris has 17 years investment experience. Mr. Bichelmeyer joined KCM in 2005, and serves as Portfolio Manager and Research Analyst working on equity portfolios. Prior to joining KCM, he was an analyst and portfolio manager with Trilogy Global Advisors (formerly BPI Global Asset Management) in Orlando, Florida from 1997-2005. He holds a Bachelor's degree in Finance from Creighton University and is a Chartered Financial Analyst. Mr. Bichelmeyer has 12 years investment experience.