The Pioneer Oak Ridge Small Cap Growth Fund is closing to new investors at the end of the day. Pioneer Investment officials said the closing comes as the fund hit its previously announced closing level of $225 million in assets.

Existing account holders and participants in employee benefit plans that already offer the fund will be able to add to their accounts.

"This move will allow us to continue to manage the fund in a manner consistent with our quality-focused, growth style of investing," said David Klaskin, fund portfolio manager. "The significant growth in assets the fund has experienced reflects both the strong performance the fund has achieved and the benefit of partnering with Pioneer," Klaskin added.

Oak Ridge Investments acts as subadvisor to the fund. 

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