Robertson, Stephens & Co., a no-load mutual fund company in San Francisco, has introduced two aggressive-growth portfolios.
John Wallace will manage the Diversified Growth Fund, which will focus on picking stocks of midsize companies. Mr. Wallace was formerly the manager of one of the most popular mutual funds sold through banks, OppenheimerFunds Inc.'s Main Street Income and Growth Fund.
The Main Street fund was sold exclusively to customers at California Federal Bank, Los Angeles, until 1993 when New York-based Oppenheimer opened it up to the general public.
Robertson Stephens' MicroCap Growth Fund, managed by Dave Evans, will invest in stocks of rapidly growing companies with $250 million or less in capitalization. The fund will close after reaching $250 million of assets.
Mr. Evans joined Robertson Stephens in 1989 as a member of the emerging- growth team.