leadership
confidence high
sentiment neutral
materiality 0.60
Chuck Royce becomes Senior Advisor; Jim Stoeffel named lead PM for Royce Micro-Cap Trust (RMT)
ROYCE MICRO-CAP TRUST, INC.
- Chuck Royce transitions to Senior Advisor at Royce Investment Partners effective Sept 30, 2024, after 51 years.
- Effective July 31, 2024, Royce steps off Premier Fund (Lauren Romeo/Steven McBoyle co-lead) and Small-Cap Total Return Fund (Miles Lewis lead, Joseph Hintz PM).
- Effective Sept 30, 2024, Royce steps off Small-Cap Fund (Francis Gannon joins PM team) and Dividend Value Fund (Miles Lewis lead PM).
- Closed-end fund changes: Jim Stoeffel becomes lead PM of Royce Micro-Cap Trust (RMT); Steven McBoyle PM of Royce Global Trust; Francis Gannon joins Royce Small-Cap Trust PM team.
- Royce added 15 investment professionals over the last 5 years, now the largest investment team in firm history.