Strong Discovery Fund Gets New Manager
Firm's founder steps aside to focus on business and private accounts.
Dick Strong, founder and chairman of the mutual fund family that bears his name, will step down from day-to-day mutual fund management this month.
Strong will hand over the reins of his 13-year-old Strong Discovery (STDIX) fund to assistant manager Charles "Chip" Paquelet at the end of August, according to filings with the Securities and Exchange Commission.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.