Word: funds
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Dates: during 1960-1969
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...from Wall Street, a relatively small mutual fund last year put some of the East's established giants to shame. Enterprise Fund of Los Angeles registered a 116.9% gain in net assets. Among the 20 best mutual-fund per formers for five years, Enterprise really started moving when soft-spoken Fred Carr, 36, took over its management in October 1966: under his guidance, the fund's assets have increased from less than $20 million to $250 million, and the value of a share has jumped from $3.77 to over...
Carr works with only one assistant, a secretary, and the informal counsel of a group of young investment analysts whom he calls his "dirty dozen." He specializes in ferreting out what he calls "emerging growth companies," and he puts most of his fund's money into little-known firms with untapped market potential. Over a third of the companies on Enterprise's list are still traded over the counter. When he cases a situation, Carr looks for two things: proven, imaginative management and a low price-earnings ratio. That way he is likely to catch a star...
...December issue of the Advocate is raising former members' ire as well as their contributions to the magazine's trust fund, according to its president Thomas A. Stewart...
...December issue of the Advocate is the first to be sent free to all former members as part of a fund-raising drive. Stewart said the issue brought in about $70 from sales at Harvard and Radcliffe...
...chart-covered offices of banks, brokerages and mutual funds, computers constantly scan the stock lists to spot companies or entire industries that appear to be breaking out of their usual earnings pattern. Once an uptrend is noted, word quickly gets around; analysts go to the same meetings, tend to eat at the same places. They constantly talk with each other on local or long-distance phones. Brokerage houses also pass on their research findings to mutual funds and other institutions in hope of landing their enormous commission business. Says an officer of one Boston-based mutual fund: "A stock often...