Small cap funds rush to close as assets swell
A trend in small cap funds shows rapid closures after fast asset growth. Montgomery Small Cap shut after reaching about 175 million in 1990, joining Babson Enterprise, Nicholas Limited Edition, and Janus Venture in closing since inception. Managers warn size hurts performance. investors face restricted access despite high risk and potential gains.
MENTIONED IN THIS ARTICLE
Montgomery
Montgomery Small Cap
Babson Enterprise Fund
Nicholas
Janus Venture Fund
SEC Proposes Negotiating Mutual Fund Sales Charges
SEC staff proposed letting brokers set their own commissions on mutual funds, arguing it would boost price competition and investor choice. The plan faces strong industry opposition from fund groups and critics like John C. Bogle, who warn higher costs for some investors and note many funds now use back-end loads and 12b-1 fees. The proposal requires Congress approval and faces broad scrutiny amid a complex regulatory shift.
MENTIONED IN THIS ARTICLE
Securities and Exchange Commission
SEC
Charles Trzcinka
State University of
John C. Bogle
Vanguard Group
Fund manager spots trends early to ride waves to gains
Knight Ridder reports Jeff Malet, manager of the Pacific Horizon Aggressive Growth Fund, aims to buy early in profitable or soon-to-be-household-name companies. Biotech remains a 15 percent stake, with Amgen and Genzyme among holdings, while bets extend to Value Merchants, Perfumania, Supercuts, Phillips-Van Heusen and gaming machine firms International Game Technology and Video Lottery Technologies as demand shifts.
MENTIONED IN THIS ARTICLE
Jeff Malet
Pacific Horizon Aggressive Growth Fund
Malet
Lipper Analytical Services
Wall Street
Funda
Amgen
Genzyme
Inimrinex
Perfumania
Supercuts
TIX Cos
Value
Phillips-Van Heusen
Outsider William Frazier tests corporate board tactics
William M. Frazier of Huntington W C unsettles Van Dorn Co by leveraging a dissident, arresting an unusual proxy fight led by arbitrageurs Wyser Pratt Spear Leeds and Kellogg. He and backers seek changes as SEC weighs new rules while Van Dorn fights a buyout bid and era of underperformance.
MENTIONED IN THIS ARTICLE
Texas
Huntington
W.C
William M. Frazier
H. Ross Perot
Frazier
van Dorn Co
Cleveland
van Dorn
Securities and Exchange Commission
John Pound
Harvard
Kennedy School
Arbs
Van
New York
Pryor
Wyser-Pratt & Co
Spear Leeds & Kellogg
Crown, Cork and Seal
Lemotto Smith
La-Z-Boy stock set for rebound amid earnings doubt
La-Z-Boy shares fell from January highs to under 24 dollars as worries about the economy linger. Analyst Elliott L. Schlang of Kidder Peabody urges buying, citing the company advantage with double the market share and upcoming demand from the 35 to 55 age group. He expects 1990s gains aided by the La-Z-Rest line and solid brand value.
MENTIONED IN THIS ARTICLE
Fidelity Magellan Fund EL
Investment Co of America
Washington Mutual
Vanguard Windsor NL
Fidelity Puritan LL
Vanguard Index
Port NL
Fidelity Equity Inc LL
Twentieth
Gent. Select NL
Mutual
Pronear Ih
Dean Witter Divid Gro NL
Income Fund of America
Vanguard Windsor II NL
Aimeq
Weingarten
Air
Janus Fund NL
Fidelity Growth & Income LL
Growth Fund of America
Atlated Fund
Putnam Gro & Ine
Draytus Fund NL
Amcap Fund
Shares NL
Amer Cap
Fidelity Destiny
Nicholas Fund NL
United Income
Financial Indust Income NL
Fidelity Retirement Or ML
Janus Twenty Fund NL
Rowe Price Growth St NL
Shearson
Phoenix Growth Fa
Pioneer Fund
Memrill
IDS Stock Fund
Merrill Capital
N.A
del Gr Decatur
American Heritage Fund
Inc & Grial
Viste
Capital Growth LL
Berger One Hundred & One NL
Thomson
Opportunity
Berwyn Fund NL
Deter Value Fund
A Future Fund NL
Shield
Value Nw
Steadman Amer Industry NL
Rushmore
Nova L
Steadman Oceanographic NL
Value Line Special
Sit NL
Merris Grav & Ret. B NL
Memil Grinv & Ret. AL
Mere NY
Times News Servce
Smith
Frazier
Laurey Jones
Jones
van Dorn
Pryor
Wall Street
Anl
Elliott L. Schlang
Kidder, Peabody & Co
La-Z-Boy
Schlang
Also Mentioned on This Page
By Thomas Watterson
Boston Globe
Stephen Doyle
Montgomery Asset Management Co
Doyle
Michael Corbett
Chicago
Russell
S&p
Corbett
Vanguard
Vanguard Explorer
Discovery
Loomervies
Loome-Sayles
Gang
Corbett Andors
Carole Gould
New York Times News Service
NY Times News
Investment Company Institute
Knight-Ridder Newspapers
Food and Drug Administration
Board Stants
FMA
N.Y. Times News Sery
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