Word: bruntjen
(lookup in dictionary)
(lookup stats)
Dates: during 1994-1994
Sort By: most recent first
(reverse)
...part, Piper says it regrets the hits that clients have taken in the now notorious Institutional Government Income Portfolio, whose value has fallen nearly 25% this year. Nonetheless, the firm insists that fund manager Worth Bruntjen invested the money precisely along the lines set forth in the prospectus, even though nearly half the fund's assets were in the form of volatile derivatives. In a gesture of good will, Piper put $10 million of its own money into the Institutional Government fund and continues to call it a sound investment...
| 1 |