Word: lipper
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Dates: during 1960-1969
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...funds have been performing poorly lately. During this year's first half, the composite in dex of shares listed on the New York Stock Exchange dropped an average 8%. The decline for mutual funds was close to 12%. Of the 369 funds ranked by Manhattan's Arthur Lipper Corp., only six managed to post any gains...
...casual glance at investment statistics might suggest that 1968 was a vintage year for mutual funds. Most of them outperformed the market and, overall, the assets of 300 U.S. funds grew a healthy 22%, from $45 billion to $55 billion. Of 307 funds surveyed by Manhattan's Arthur Lipper Corp., 285 did better than the Dow-Jones average of 30 blue-chip industrial stocks, whose average 4.3% growth barely kept abreast of inflation. Altogether, 238 funds topped the 9.4% gain of the New York Stock Exchange's index of all its 1,249 common stocks...
...Steven Lipper '64 has won the Elizabeth Wilder Prize for the highest examination mark in elementary German in the middle of the freshman year...