June 14, 2004 — Two portfolio managers will be added to the AXP Small Cap Advantage Fund/A (ASAAX) next month.
American Express stock pickers Dimitris Bertsimas and Jonathan Calvert will join Jacob Hurwitz and Kent Kelley on the $839-million fund.
All four managers use computer screens to decide which stocks to buy and sell a spokesman for the fund complex said.
Bertsimas is a co-manager of the AXP Quantitative Large-Cap Equity Fund. He and Calvert also are part of the team that oversees the stock portion of AXP Managed Allocation Fund/B (IMRBX), which also holds bonds. Bertsimas and Calvert invest in growing companies as well as undervalued stocks, the spokesman, Paul Johnson, said.