Lord Abbett's multicap portfolio spreads wings

Fulman, Ricki
November 2003
Pensions & Investments;11/24/2003, Vol. 31 Issue 24, p12
Investment managers shouldn't be limited in their portfolio selections just because a stock's market cap is $3 billion when they're looking for one with a market cap of $5 billion, or because it's $5 billion when they're looking for a market cap of $10 billion. Currently around 65% of the portfolio is in large-cap companies, with a market cap of $5 billion and more, while the rest is divided between small-cap and midcap companies. Abbett & Co. LLC defines midcap for this strategy as a market cap of $5 billion, and small-cap as a market cap of less than $2 million.


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