Charles Stein

Steven Roge, who buys mutual funds for clients, said the ballooning of Heebner’s assets in 2008, when CGM Focus had net deposits of $3.3 billion through August after soaring 80 percent the previous year, convinced him there were better places to invest.

“When a fund attracts assets that quickly, we worry about a manager’s ability to handle it,” said Roge, whose Bohemia, New York-based firm, R.W. Roge & Co., oversees $200 million.

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