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...Morningstar--the 800-lb. gorilla of independent fund analysis--took the unprecedented step of warning investors to avoid the four fund families at the eye of Spitzer's storm--Strong, Bank of America's Nations Funds, Bank One's One Group, and most Janus offerings (except for its Mid Cap Value, Small Cap Value and Risk-Managed Stock funds, which are run by outside managers). "The firms put their own profitability ahead of shareholders'," says Kunal Kapoor, Morningstar's associate director of fund research. "Until we see changes, we don't think they deserve to be trusted with people...
...real estate. "The marginal cost to any one shareholder is slim." In the end, says Morningstar's Kapoor, you should invest in a fund company you trust. Find one, he says, that emphasizes "stewardship over salesmanship," that puts long-term shareholders first by keeping expenses low, that closes small-cap funds once they get large and that refuses to roll out gimmicky funds in hot sectors...
...first glance, Knipfing, Lamont’s lead singer, seems the usual indie rock character who might not feel out of place in Harvard’s own Lamont; trucker cap, vintage t-shirt, the requisite tattoos and appropriately intellectual glasses. But one listen to Lamont’s tunes, such as the fast moving recent single “Hotwire,” prove Knipfing and bandmates Jesse Sherman and Todd Bowman would shun the library’s quiet time rules. “I think we’d scare the shit out of your students...
BOSTON—Sporting a Boston Red Sox cap and spouting familiar populist rhetoric, Democratic presidential candidate Howard Dean urged a crowd of nearly 5,000 enthusiastic supporters in Copley Square yesterday to help him take the White House next November...
Despite the threat of showers, the crowd was energized, welcoming Dean with chants of “Howard! Howard!” and signs like “Beantown is Deantown.” Dean drew loud cheers when he donned the Sox cap just before his speech began...