The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Odd Lots, October 4, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Monday, October 04, 1999

Odd Lots, October 4, 1999

Reported by Hayley Green

Buffett wannabes
From Investment News
The investor of all investors seems to have been leading his followers astray. The dozen or so mutual funds that have heavily invested in Warren Buffett's Berkshire Hathaway Inc. and then duplicated its holdings of financial and multinational consumer stocks are getting injured in the market. This year, Berkshire Hathaway's A shares are down 14.3%, trading at $60,000 as of Thursday, with the slumping financial sector major culprit.

Fledgling fund sued
From The Wall Street Journal
In less than two years after Allison Hines invested $50,000 in the newly launched ESC Strategic Value Fund the fund liquidated itself and failed to repay her 4.5%-of-assets front-end sales charge. In response, Hines filed suit alleging that the fund stating that it failed to provide sufficient information to let investors know if it would be around for the long-term. The case points to the dangers of investing in fledgling funds and the adequacy of information that many funds disclose in their prospectuses.

A silent roar
From The Wall Street Journal
This week Mellon Bank's Dreyfus unit will run four different commercials with no voice-overs. Alternative to its past campaigns that describe Dreyfus's line of about 160 mutual funds or detail its performance records, the ads, aimed squarely at promoting the Dreyfus brand, features only the company's signature lions darting around the African brush. The ads, created by Holland Mark Edmund Ingalls, a Boston advertising agency, is certain to provoke debate in the mutual fund world.

Funds in the Press
  • According to Joseph T. Keating, manager of the Kent International Growth fund, his index is not run-of-the-mill. In an interview with The Boston Globe, he explains that index funds have a self-fulfilling momentum because their market-cap weighting means investors are buying into past performance not much can be gained. In response he has created a way to avoid this type of situation.

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use