# Prof. Marcin Kacperczyk on small-cap mutual funds

1 Faculty News August 2, 2013 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/2013/08/02/us-fund-smallcap-giants-analysis-idUSBRE9710JV20130802) -- "Too much style drift can be a worrisome sign, says [Marcin Kacperczyk](http://www.stern.nyu.edu/faculty/bio/marcin-kacperczyk), an assistant professor at New York University's Stern School of Business who studies mutual funds. Though some managers end up with big company stocks because of short-term liquidity issues, 'it's a big red flag that makes you wonder what else the manager is doing.'"

[Read more](http://www.reuters.com/article/2013/08/02/us-fund-smallcap-giants-analysis-idUSBRE9710JV20130802)