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Byline: KEN HOOVER
Early this year, Don Hodges and son Craig decided the bear market was about over. They bought shares of small companies they thought would add pop to the performance of $26 million Hodges Fund once the market started to recover.
"After three bad years in the market, it was time to get aggressive," said Don Hodges. "It made sense to move into small and mid-cap companies. We thought they were oversold and will do better in a strong recovery, as opposed to blue chips, which might gain 10% or 15%."
Hodges Fund was up 45.77% this year going into Monday vs. 13.76% for the S&P 500 and 19.6% for mid-cap growth funds. It is among the …