Over 5,000 Baron Funds' Shareholders Listen to Elon Musk and Alicia Keys at 24th Annual Baron Investment Conference

The 24th Annual Baron Investment Conference drew over 5,000 Baron Funds' shareholders today at the Metropolitan Opera House at Lincoln Center in New York City.

Elon Musk, CEO of Tesla, made a surprise appearance and put three Tesla cars on display outside the Metropolitan Opera House for Baron Funds' shareholders to view.

Shareholders of Baron's 13 funds were invited to the all-day conference, which included presentations from four CEOs of businesses in which the funds have invested (see below). Those presentations were followed by remarks from Baron Capital Group President Linda Martinson, and then a panel of Baron fund managers who were questioned by Christopher V. Dodds, who moderated the open session. The presentations were concluded with remarks from Ron Baron, Baron Capital Group Chairman and CEO.

There was also entertainment provided by Alicia Keys, Tony Bennett and Lady Gaga, Steve Martin and Martin Short, and Michael Bublé.

"Baron Funds' shareholders spent another wonderful day learning from our portfolio managers as well as some of the CEOs of our highest conviction holdings, including Elon Musk," said Mr. Baron. "One of the highlights of my year is interacting with our shareholders at the conference, and today was no different. We look forward to seeing our shareholders back next year for the 25th anniversary."

Presenting at the conference this year were:

• Elon Musk, CEO of Tesla Motors, (TSLA)
• William Stone, Founder, Chairman and CEO, SS&C Technologies (SSNC)
• Joel Marcus, CEO, Alexandria Real Estate Equities, Inc. (ARE)
• Jay T. Flatley, CEO, Illumina, Inc. (ILMN)

The Baron Funds' investment team includes Ron Baron, portfolio manager of Baron Growth Fund, Baron Partners Fund and Baron Focused Growth Fund; Cliff Greenberg, portfolio manager of Baron Small Cap Fund; Alex Umansky, portfolio manager of Baron Fifth Avenue Growth Fund and Baron Global Advantage Fund; Mike Lippert, portfolio manager of Baron Opportunity Fund; Andrew Peck, portfolio manager of Baron Asset Fund; Michael Kass, portfolio manager of Baron International Growth Fund and Baron Emerging Markets Fund; Jeff Kolitch, portfolio manager of Baron Real Estate Fund, James Stone, portfolio manager of Baron Energy and Resources Fund, and Laird Bieger and Randy Gwirtzman, portfolio managers of Baron Discovery Fund. Linda Martinson is a 30-year Baron veteran and serves as the firm's president.

About Baron Funds and Baron Capital Group

Baron Funds include 13 no-load mutual funds: Baron Asset Fund (BARAX; BARIX), Baron Growth Fund (BGRFX; BGRIX), Baron Small Cap Fund (BSCFX; BSFIX), Baron Opportunity Fund (BIOPX; BIOIX), Baron Fifth Avenue Growth Fund (BFTHX; BFTIX), Baron Partners Fund (BPTRX; BPTIX), Baron Focused Growth Fund (BFGFX; BFGIX), Baron Discovery Fund (BDFFX; BDFIX), Baron International Growth Fund (BIGFX; BINIX), Baron Emerging Markets Fund (BEXFX; BEXIX), Baron Global Advantage Fund (BGAFX; BGAIX), Baron Real Estate Fund (BREFX; BREIX), and Baron Energy and Resources Fund (BENFX; BENIX). More information about Baron Funds is available by calling (800) 99-BARON or by visiting www.baronfunds.com. The advisor to Baron Funds is BAMCO, Inc., a unit of Baron Capital Group.

Investors should consider the investment objectives, risk, and charges and expenses of the investment carefully before investing. Baron Funds are described in prospectuses that contain this and other information about the Funds. You should carefully read the prospectus before investing. You can read, print, or download a prospectus at www.BaronFunds.com/prospectus. Or call 800-99 -BARON to receive a prospectus in the mail. Baron Capital, Inc. is the distributor of the Baron Funds.

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Hewes Communications, Inc.Tucker Hewes, [e-mail]