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Strong Changes Tech Fund Manager

By Staff Writer

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March 21, 2003 — Strong Funds portfolio manager Rimas Milaitis has taken the helm of the Strong Technology 100 Fund (STEKX).

Milaitis replaces James Burkart and Deborah Koch, who had overseen the fund for a year, and who continue to run Strong’s Advisor Technology Fund.

Strong shifted responsibility for the $94 million Technology 100 fund because Milaitis’s “risk sensitive” style of money management “fits well” with the portfolio, a spokesman for the fund company said.

Milaitis also manages Strong Growth & Income Fund/Inv (SGRIX), and the stock portion of Strong Balanced Fund (STAAX), which invests in equities and bonds.

Like other technology and Internet funds, Strong Technology 100 has taken a beating in recent years. For the three-year period ended in February, the portfolio lost 38% on average, versus a loss of 39.7% for its tech fund peers.

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