V. 19:11 (77-83): Working Money: Interview: Laura Granger by David Penn
Product Description
Working Money: Interview: Laura Granger by David Penn
How The Small Survive
Laura Granger Of Oppenheimer Emerging Growth Fund
When the going gets tough, do the small
get growing? That’s how Laura
Granger, portfolio manager of
OppenheimerFunds’ new Emerging Growth Fund,
sees it. At the helm of the fund since October
2000, Granger has parlayed her success in turning
around underperforming mutual funds (she helped
bring the Fortis Capital Appreciation Fund from
the bleachers to the luxury boxes during the late
1990s) into some winning stockpicks for her
emerging growth fund, including companies such
as THQ and Career Education Corp. A “bottom-
up” stock selector who uses quantitative,
technical, and qualitative screens and methods,
Granger is big on small-cap growth stocks these
days, suggesting that history is on the side of
small-cap stocks when the economy is working
its way out of a slowdown or recession.
Prior to heading up the Oppenheimer Emerging
Growth Fund, Granger was a portfolio manager at
Fortis Advisors from 1998 to 2000. Before Fortis,
Granger was a portfolio manager at General Motors
Investment Management from 1993 to 1998.
Working Money Staff Writer David Penn conducted
this interview on June 19, 2001, via telephone.
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