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Berger Mid Cap Value Sails Past Bear Market Fund, up 15% this year, buys troubled stocks with wherewithal to rally.(MAKING MONEY IN MUTUALS)(FUND PROFILE)

Investor's Business Daily

| June 04, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Leo Fasciocco

Don't try to tell Thomas Perkins of Berger Mid Cap Value Fund about the recent bear market.

Perkins, whose forte is scanning the new lows list for good value plays, is doing fine, thank you. His $110 million fund rose 27.3% last year while the Standard & Poor's 500 index fell 9.1%.

He's doing well this year, too. His fund was up 15% for the year going into Friday, easily outperforming the S&P, which was up 4.5%. His performance this year got a boost from two stocks whose companies were bought out: Efficient Networks and Xircom.

Perkins, 56, is with Chicago investment firm Perkins, Wolf, McDonnell & Co. It advises Berger Mid Cap Value. Perkins works out of San Francisco. The Bergerfund started in August 1998.

"We try to find stocks that are undervalued because of short-term problems,"Perkins said. "Our hope is they can work their way out of the situation given some patience."

The companies he picks are basically good businesses with sound balance sheets and strong cash flow. The stocks are usually near their 52-week lows.

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