Word: lipper
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...tale from last week? Not quite. Fox is a character in Wall Street, a film directed by Oliver Stone (Platoon) and scheduled for December release that uncannily captures the real Wall Street's current mood. Says Kenneth Lipper, a former partner at Salomon Brothers and the movie's chief consultant: "There is a brooding omnipresence that the prosperity on Wall Street is headed toward a cataclysmic end." Stone, however, downplays the parallels. "You see the shadow of the crash, but Wall Street is the story of an individual...
...issue there was near unanimity. "There will be more layoffs," said Perrin Long, an analyst at Lipper Analytical Services, which studies securities firms. "The brokerages could run much leaner than they are now." Concurred Jack Barbanel, senior vice president of Gruntal & Co.: "The message is clear -- Wall Street is tightening its hatches." Long predicts that as many as 24,000 securities-industry employees will lose their jobs over the next twelve to 18 months -- and even that, he believes, is not enough. If Wall Street hopes to stay profitable in the troubled times ahead, Long thinks a safer number...
Looking for an investment that outshines the rest? The best choices seem to be as old as them thar hills: gold and silver. A study by Lipper Analytical Securities shows that mutual funds specializing in gold stocks accounted for 16 of the top 20 fund performers in the first quarter. At the same time, a group of 14 silver-mining stocks enjoyed a 78.6% rise in value...
While investment decisions colored by considerations other than financial merit may seem chancy, the socially oriented funds are so far performing about as well as the rest of the market. According to Lipper Analytical Securities, which tracks mutual funds, the total return on Calvert's Social Investment Managed Growth Portfolio for the year ended Sept. 30 was 28.6%, a bit more than the average 27.4% for standard growth-and-income funds. Says John Guffey, executive vice president of the fund: "Our record has shown that we can do at least as well as broad-based averages...
Investors did not have to pick the winners all by themselves. Holders of shares in 257 of the 526 mutual funds ranked by Lipper Analytical Services beat the Dow in 1982. The best record (an 81% return) was turned in by Oppenheimer Target Fund, which was also...