Word: p
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Dates: during 1990-1999
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...single in Switzerland, Belgium and several other countries. Hip-hop mogul Sean ("Puffy") Combs is preparing to co-star in a movie with Al Pacino and planning to launch a line of urbanwear in 1999. Beastie Boys has a record label, a magazine and a clothing line. Rapper Master P is set to co-star as a computer specialist in Takedown, a movie from Miramax's Dimension Films about computer hackers. Master P may play a gangsta on his CDs, but in Takedown his character will work alongside the FBI. Says Andrew Rona, vice president of production at Dimension...
...staggering $236 billion under management, was founded in 1918 by Andrew Carnegie to provide retirement security for educators. Its funds have never before been available outside education circles. The flagship CREF Stock Account was started in 1952, and since then has returned an average annual 11.7%--under the S&P 500's 12.7%, but a noteworthy return in that it invests in a broader range of stocks that makes it less risky. The open-end funds are run much like the highly successful institutional funds, which are focused on the long term, engage in limited trading to keep costs down...
...most unusual feature is that each fund has an index component designed to match its benchmark--the S&P 500, Russell 3000 or some other. The index portion can run as high as 80% of the fund. Manager picks make up the rest of the portfolio. The funds hold virtually no cash. This unusual approach ensures that the funds will track the market when fund managers see few bargains, but gives them room to tilt hard toward favorite stocks--and outrun the market--when greater values emerge. Of course, it's a matter of how well they pick stocks. That...
...cards Starr is holding--nine [NOTEBOOK, Aug. 10]. Unless he is playing some crazy wild-card game, unlikely in high-stakes poker, he has way too many cards. In real life, he would lose the hand and perhaps even be banished from the game! Is this an omen? ROBERT P. CLIFFORD Palos Verdes, Calif...
...choices reflect his desire to "avoid any conflicts of interest" and "have nothing to do with the market," it's no surprise that the notorious skeptic would invest in bonds. Caution, though, doesn't come cheap; in 1997 one-year T bills had a 6.2% return, while the S&P 500 rose...