Charles  R.  Dreifus

Principal and Portfolio Manager

CFA

Portfolio Manager

Royce Special Equity Fund

Charles R. Dreifus, CFA, is a Principal and Portfolio Manager for Royce & Associates, LLC investment adviser to The Royce Funds.

Mr. Dreifus manages the firm's Special Equity products, including Royce Special Equity Fund, an open-end mutual fund that attempts to combine classic value analysis, the identification of good businesses and accounting cynicism. He has 40 years of investment experience, with 28 years as a small- and micro-cap value portfolio manager.

Prior to joining Royce & Associates in 1998, Mr. Dreifus was a General Partner and Managing Director, and a Limited Managing Director, of Lazard Freres & Co., LLC. He was also the Portfolio Manager of Lazard Special Equity Portfolio, formerly Lazard Special Equity Fund and Special Equity separate accounts. Prior to that, Mr. Dreifus was employed by Oppenheimer & Co. as a Limited Partner and as the manager of Quest For Value Fund (from May 1980 to November 1982) and by Oppenheimer Capital as an Executive Vice President. He received a bachelor’s degree from the City College of New York/Baruch School and earned a Master of Business Administration degree from Baruch College.

For more than 35 years, Royce & Associates has adhered to a disciplined value approach in managing smaller-company investment portfolios.