General Investing >> Money Manager Interviews >> November 21, 2013

A Search for Turnaround Situations in Small- and Micro-Cap Stocks 

Hench, William A.
William A. Hench is a Portfolio Manager with Royce & Associates, LLC. He joined the firm in 2002 after spending 10 years in the institutional equity business in Boston and New York, most recently with J.P. Morgan. He began his professional career as a CPA in 1986 with Coopers and Lybrand. Mr. Hench holds a bachelor's from Adelphi University. Profile
TWST: Tell us a little bit about Royce Funds. When was the firm established, and how large is the organization?

Mr. Hench: Chuck Royce started the firm in 1972. He bought Pennsylvania