Look out for new funds touting old track records.
- Resource Type
- Article
- Authors
- Wang, M.B.; Wang, Penelope
- Source
- Money. Oct96, Vol. 25 Issue 10, p52. 1/2p. 2 Black and White Photographs.
- Subject
- *INVESTMENT advisors
*GOVERNMENT policy
- Language
- ISSN
- 0149-4953
Informs that the Securities and Exchange Commission (SEC) gave permission in August 1996 to two money managers to use old performance figures to promote new funds. SEC's issuance of two no-action letters, regarding cases of money managers Elizabeth Bramwell and Nicholas Applegate; Fund observers' response to the SEC move; Other news, that editors Ken Gregory and Craig Litman of `No Load Fund Analyst' plan to launch The Masters Select Equity fund.