Word: palomba
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Dates: during 1990-1999
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...most egregious examples of manipulating mutual-fund rankings of which I am aware," Markey says. Concurs Don Phillips, the publisher of the fund research group Morningstar: "An argument can be made that Pilgrim is the worst among all fund groups with at least $1 billion in assets." Retorts Palomba Weingarten, the Pilgrim Group's chairman: "I'm glad Congress has nothing better to do but worry about my ads. They were not misleading. They were statements of fact. More than 90% of our assets are performing well...