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Mutual Fund Q&A: 
In All Market Environments
Author: Ticker Magazine
123jump.com
Last Update: 12:16 PM EDT July 24 2007


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Michael Carmen
  “The Fund’s goal is not to be boxed into one aspect of the market but to be opportunistic and flexible. We have five managers who have separate and distinct investment styles. By putting them together, we create a Fund that should be able to operate in all market environments.”
The Hartford Capital Appreciation II Fund

The goal of the Hartford Capital Appreciation II Fund is not to be boxed into one aspect of the market but to be opportunistic and flexible. The Fund’s five managers, who have separate and distinct investment styles, aim to create a fund that can operate in all market environments. Michael Carmen, manager of the opportunistic growth sleeve, looks for companies with potential to deliver stronger-than-expected earnings or free cash flow growth.

 
We started buying the stock in the low teens late last year, and as they put out better-than- expected results this year, the stock reacted positively. It’s the combination of accelerating trends and increasing expectations. When you get the accelerating trends when investors are not anticipating them, that’s when you get the really big gains in the stock.
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