Delaware to reopen small-cap value fund

The Delaware Small Cap Value fund will reopen to new investors Friday, said Delaware Investments spokeswoman Ayele Ajavon. The fund, which had $515 million in assets under management as of Jan. 31, closed March 27, 2006. Ms. Ajavon said the decision to reopen the fund was based on several factors, including “an increase in capacity and escalation in demand.”