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

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

Rating:Odd Lots, April 6, 1999 Not Rated 3.0 Email Routing List Email & Route  Print Print
Tuesday, April 06, 1999

Odd Lots, April 6, 1999

Reported by Sean Hanna, Editor in Chief

The first quarter performance wrap ups have begun to sprout on the 'Net. Today USA Today weighs in with data on more than 6,000 funds.

Another fund is hitting its growth target. TheStreet.com reports on yesterday's closing of Montgomery's Global Long-Short fund. Unlike the management at Vanguard which typically closes a fund the same day as the announcement, Montgomery is giving investors three more months to sign up. This writer was taught that the best way to close a sale was to make a deadline for the buyer. It looks like Montgomery learned its lesson well.

Telecom funds likely will remain one of the hottest groups for years to come, says the Wall Street Journal. The opinion might be taken with a grain of salt since the author relies on the word of telecomm fund managers themselves to come to this conclusion. Still, these funds were up more than 16% in the first quarter (against a gain of just over 17% for tech funds). Everyone seems to agree that the Internet remains the driver of growth for this sector.

Fidelity has caught Day Trading Fever! That's the conclusion drawn by Beth Healy in her On State Street column in the Boston Globe. It turns out that "Fidelity is automatically entering all of its 1 million brokerage customers in a contest that shows just how far the nation's day-trading euphoria has gone. Twenty lucky winners will get 25 free on-line stock trades - to be used in two brisk months," writes Healy. So much for preaching long-term investing.

Twentieth Century Ultra is baack. Performance at the fund has turned around enough to merit a profile of manager Bruce Wimberly in the New York Post. The NY Post rarely writes a glowing fund profile, so this is special. Wimberly says in the article that the secret to success is throwing out the rulebook. In other words, throw out target prices and do sell a stock until a competitor comes over the horizon.

Speaking of fund profiles, Syre and Bailey are back together again. Alright, this time it is for TheStreet.com not the Boston Globe, but we'll take what we can get. The dynamic duo profile Tim O'Brien and his success at the Eaton Vance Utilities fund (formerly the Total Return fund).

There is the old story here in New York City that Bernard Baruch avoided the Crash of '29 by selling when his shoe-shine boy gave him a stock tip. Today, stock tips -- not sports or office gossip -- are being traded at the office water cooler, says the New York Daily News. Hopefully, this time there is a happier ending.

Rather than citing TheStreet.com we get to report on it today. The New York Post details a fight over the victor's spoils at the Internet publisher. It seems that Jim Cramer and Marty Peretz can seem to agree on how to divide the company now that it is worth more than $300 million. Their solution? Peretz has reportedly pulled all of his money from Cramer's funds.  

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

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2021: Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. ETF.com Awards 2020, April 20
  2. The 31st Sub-Advised Funds Forum, Apr 20-21
  3. IDC Virtual Roundtable: Florida - April 2021, April 20
  4. IMEA Marketing Council Roundtable | Engaging Advisors In a Virtual World, April 21
  5. MMI Summit 2021, Apr 21-22
  6. MFDF Director Discussion Series - Open Forum via Zoom (Northeast), April 21
  7. FIASI virtual event - ESG in Fixed Income: Shining a Light on Transparency, Apr 22-23
  8. IDC Virtual Roundtable: Alabama, Georgia, North Carolina, and South Carolina - April 2021, April 22
  9. Nicsa webinar - Diversity Data: What is at stake? Business, Reputation and Talent, April 22
  10. IDC Webinar: The Future of the Workplace - April 2021, April 23
  11. IDC Virtual Roundtable: Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas - April 2021, April 27
  12. IMEA In Session - Post-Covid Sales Coverage, April 27
  13. MFDF Case Studies in Fund Oversight — A Virtual Roundtable for Directors, Apr 28-29
  14. IDC Virtual Roundtable: Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota - April 2021, April 29
  15. 44th Annual AIMSE Marketing & Sales Conference, May 2-4
  16. MFDF Director Discussion Series - Open Forum via Zoom (Southeast), May 5
  17. ICI 2021 General Membership Meeting - Day 1, May 6
  18. Emerging Manager Forum USA, May 12-14
  19. ICI 2021 General Membership Meeting - Day 2, May 13
  20. 2021 FINRA Annual Conference, May 18-20
  21. IDC Speaker Series - Abby Joseph Cohen: A Conversation About the State of the Global Markets, May 19
  22. 2nd annual ETFGI Global ETFs Insights Summit - USA, May 19-20
  23. MFDF Director Discussion Series - Open Forum via Zoom, May 19
  24. Irish Funds Online Annual Global Funds Conference 2021, May 19-20
  25. MFDF webinar - Fund Director Compensation: MPI Annual Survey (2021), May 20
  26. ICI 2021 Operations and Technology Conference, May 20




©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use