Needham Growth Fund

Overview

NASDAQ Symbol: NEEGX
Load: No-Load
Assets (03/31/10): $138.9M
Inception Date: 1/1/96

 

  • Long-term capital appreciation
  • Seeks tax efficiency
  • Focus on new economy
  • Small-to-mid-cap focus
  • Shorts and hedges permitted
  • Thirteen-year track record

 

Investment Approach

"The attributes we seek in a stock are good management, visible and predictable growth, and attractive valuation."

Investment Objective

The Needham Growth Fund (the “Fund”) seeks to create long-term capital appreciation for its shareholders by investing in equities of public companies with above-average long-term growth rates at value prices.

These growth rates result from companies being at the vortex of rapid and fundamental change in the world economy resulting from technological, demographic and social change. In this manner, the Fund seeks to help long-term investors build wealth tax efficiently.

Portfolio Manager Profiles:

John Barr

John Barr

Telephone: (212) 705-0462
Email: jbarr@needhamco.com

John Barr is a Co-Manager of the Needham Growth Fund. He has been its Co-Manager since January 2010. He also manages the Needham Aggressive Growth Fund (NEAGX). He engages in a variety of portfolio management-related activities, including stock selection, research, company visits and market analysis. He rejoined Needham & Company in August 2009 from Oliver Investment Management, LLC, a long-short hedge fund focused on small cap technology and exploration and mining stocks, of which John was the Founding and Managing Member. From 2002 to 2008, he served as a portfolio manager and analyst at Buckingham Capital Management for their diversified industry long/short domestic equity hedge fund. He focused on telecom, semiconductors and software. He also has experience with financials, energy, exploration and production, and mining stocks. From 2000 to 2002, John was a managing director and senior analyst at Robertson Stephens following semiconductor technology companies. From 1995 to 2000, he was a managing director and senior analyst at Needham & Company. He also served as its director of research. John was an Institutional Investor All-Star and was ranked by Reuters as leader of one of the top software teams. He is a graduate of Harvard Business School and Colgate University.

Chris Retzler

Telephone: (212) 705-0424
Email: cretzler@needhamco.com

Chris Retzler is a Co-Manager of the Needham Growth Fund. He has been the Co-Manager since January 2009. He also manages the Needham Small Cap Growth Fund (NESGX). He joined Needham Asset Management in 2005, coming from Winterkorn, where he spent the previous three years. Prior to Winterkorn, Chris was part of Merrill Lynch’s Investment Banking from 1994 to 2002. He graduated with a BA from Bucknell University in 1993, moving on to become a Fullbright Scholar in 1994. He received his MBA from Columbia Business School in 1999.

The foregoing should not be deemed as an offer to buy an interest in any of the Needham Funds. Shares are sold only through the currently effective prospectus, which must precede or accompany this site. Please read the prospectus and consider the investment objectives, risks, and charges and expenses of the Funds carefully before you invest. The prospectus contains this and other information about the Funds. Total return figures include reinvestment of all dividends and capital gains. Investment returns and principal value will fluctuate and when redeemed, shares may be worth more or less than their original cost. Shares held less than 60 days are subject to a short-term redemption fee of 2%. The results contained on this site represent past performance of the Funds. Past performance does not guarantee future results and current performance may be higher or lower than these results. The investment risks of the Funds are increased by the Funds' non-diversified status, by the Funds' ability to invest in smaller company stocks, privately-held companies and IPOs. Also, the Fund's use of short sales, options and futures strategies and leverage may result in significant capital loss.

Needham & Company, LLC, member NASD/SIPC, is the distributor of The Needham Funds, Inc.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Complete information on the Needham Funds, including a current prospectus, is available for downloading and should be read prior to making any decision to invest. Investment in the Fund involves investment risk, including the possible loss of principal. Click here to go to the Download Library

For details regarding the Needham Funds, please contact Needham Investment Management, LLC at 1-800-625-7071.
Not FDIC Insured • No Bank Guarantee • May Lose Value
Mutual Funds