Word: funds
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Dates: during 1990-1999
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...Washington," says Van Dyk. "He didn't even know where the White House was." Jackie had made a conscious decision to shield him from the capital, and now that he was there, she would call every day to see how he was doing. He followed Van Dyk on fund-raising trips to California, and that's where he discovered something new: all the Hollywood types fawned over him. "I think that was first time he learned he was a celebrity," says...
...With the fund balance Harvard has, they could buy up all of the city of Cambridge," Wolf said...
...date, Dawson has also given $431,500 to Wayne State University in Detroit, $230,000 to the United Negro College Fund and a few hundred thousand dollars more to various community colleges and churches. All he asks of the schools is that they use his money to give scholarships to the most deserving students, regardless of race. "If I was to do anything with my money other than help some of these kids begging to go to school," he says, "I'd be throwing it away...
James Cramer manages a hedge fund and writes for thestreet.com His fund is long LU, CSCO, AOL, MSFT, INTC and JNPR. This column should not be construed as advice to buy or sell stocks
MIGHTY MICROS Mutual funds that generally invest in companies valued at less than $500 million have not exactly been star performers these past few years, buried by raging big caps. But it may be time to get small. The average micro-cap fund surged 19.8% in the first six months of 1999, up from last year's measly gain of 1.4%. That's almost double the return of the average diversified stock fund. Micro-caps are even beating out the Standard & Poor's 500 index. Micro- caps' relatively low price-to-earnings ratios have made them increasingly attractive. And they...