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BARRON'S: A Muni Fund Wins Big By Being Small. Here's How.

May 05, 2021

When he first started managing money in 1996, Michael Plaiss wanted nothing more than to be the next Peter Lynch—the famous stock jockey of Fidelity's Magellan Fund. "Just the thought of being able to analyze a portfolio of stocks, and you're the one that gets to make the call that 'this one's overvalued, and this one's undervalued"—that really appealed to me," says the manager of the Performance Trust Municipal Bond fund.

Obviously, things turned out differently…

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