CIO Small Talk: The Interest Rate Myth and What Really Drives Small-Cap Returns

by Francis Gannon

Co-CIO Francis Gannon examines the myth that rate hikes are bad news for small-cap returns—and finds that history tells a different story.
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CIO Small Talk

What’s Working in Royce Small-Cap Fund?

Co-Chief Investment Officer and Portfolio Manager Francis Gannon takes a look at our flagship portfolio’s recent performance and attribution.

Investment Focus

The Royce Roundtable: Ample Small-Cap Opportunities

Portfolio Managers Miles Lewis and Andrew Palen join CEO and Co-CIO Chris Clark and Co-CIO Francis Gannon to talk about small-cap’s leadership and how they’re investing in our flagship Royce Small-Cap Fund.

Market Perspective

CIO Small Talk: Is the Russell Reconstitution a Reminder of One of Active Management’s Biggest Advantages?

by Francis Gannon

Co-CIO Francis Gannon looks at the recent Russell index reconstitution and explains why active management’s greater leeway to keep holding companies over the long run can create significant advantages.

CIO Small Talk

2Q26 Small-Cap Recap

by Francis Gannon

Small-Caps Stay on Top

Market Perspective

Two High-Conviction Holdings in Our Quality Value Strategy

Lead Portfolio Manager Miles Lewis, Portfolio Manager Joe Hintz, and Assistant Portfolio Manager Jag Sriram offer their take on 2 high-conviction holdings in our Quality Value Strategy.

Investment Focus
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Podcast: Small-Caps Deserve a Closer Look

In the latest episode of Talking Markets, Co-CIO Francis Gannon joined Franklin Templeton Institute's Chris Galipeau to discuss the current opportunity in small-cap stocks.

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  • 11Years at Royce
  • 19Years of Experience

Andrew Palen
Portfolio Manager

Andrew Manages

Contact Information

General Information (800) 221-4268

Media Contact
John Davis
E-mail John
(212) 508 4594

illustration-bouncing-basketball

Podcast: Small-Caps Deserve a Closer Look

In the latest episode of Talking Markets, Co-CIO Francis Gannon joined Franklin Templeton Institute's Chris Galipeau to discuss the current opportunity in small-cap stocks.

Listen Now

My Funds

Personalize Your Site
Which funds do you want to follow?

Add Funds

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