Word: client
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...issue are two practices: late trading, which is plainly illegal, and market timing, a legal gray area that clearly harms shareholders. In late trading, a client buys or sells a fund late at night at the 4 p.m. price to take advantage of news that has broken in between. In market timing, a client trades a fund frequently, which many fund firms say they do not allow. Doing so drives up costs and hurts performance by forcing managers to hold more cash than they would like or to sell stocks they would rather hold. These costs are borne...
...income are so five years ago. For more, you'll have to read on. Our panel met in early August and was moderated by TIME senior writer DANIEL KADLEC. The experts: Seymour Lotsoff, senior managing director at hedge-fund firm Lotsoff Capital Management; Dagny Maidman, managing director of private client services at Bank of America Securities; Robert Smith, manager of the T. Rowe Price Growth Stock Fund; and Tobias Levkovich, U.S. equity strategist for Smith Barney. Their thoughts...
Ammon's deathbed wishes may not be honored. Pelosi's attorney, Gerald Shargel, says his client is "considering" contesting the new will. In the old document, Shargel says, Ammon's signature is clear. In the new one, he says, it is illegible. Ted Ammon's sister, Sandi Williams, said she will fight to get custody of the twins. And Ammon's cremated remains, plunked down on the Stanhope bar, were supposed to go to the nanny for safekeeping, Ammon's lawyer says. Pelosi, who picked up the box of ashes at the funeral home, has said he plans to sprinkle...
...photographer's agent tell me, 'He doesn't know how to shoot black girls,'" he says. Sometimes things are more direct: Michael Ross, an agent with the modeling firm Marilyn, says that when he's asked to send models for a casting call, frequently "the client will specify 'No Asians' or 'Caucasians only...
Evidente knows how to handle women. Although one regular client from Bloomfield Hills, Mich., here for the sale says he treats her "like a princess, even though I'm just one of the little people," he also knows how to be rough. He bags a sale by the second pair of shoes he brings out, not just because he figures out what looks good on women but because he convinces them of it. In his quiet way, he is forceful, like Clint Eastwood. Plus he has the added appeal of often being down on one knee. "You almost have...