million. That is the amount one trade cost Bamco
, the asset management firm for the Baron Asset fund. A report in TheStreet.com
broke the payback to the fund which was reimbursement in a 650,000 share trade of AMF (NYSE: Pin
) that went wrong. The trade was made between Baron's private accounts and the mutual fund in October of 1998. The reimbursement was made last Friday. According to TheStreet.com, the payback was made after the fund's directors were alerted to the issue by the web publication's calls.
his week's blue plate offers the significant anniversaries of three influential funds: the Massachusetts Investors Trust (MIT), the Mutual Shares Fund, and the Bond Fund of America, at the The Mutual Fund Cafe
t the Litman/Gregory Fund Advisors' Master's Select Equity Fund, six of the industry's most prominent names are given a sector of the fund, but six heads are proving to not always be better than one. The fund's performance has lagged and one of the managers was replaced in October, in today's The wall Street Journal
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