CALIFORNIA | LOCAL
October 27, 2004 |
A decision to liquidate $318 million in investments by the Los Angeles city pension fund amid conflict-of-interest allegations could cost from $30,000 to $3 million, a consultant for the fund warned Tuesday. Based on the history of such large liquidations, Allan Emkin of Pension Consulting Alliance told the city's pension board that transaction costs of $3 million would be the worst-case scenario, with $30,000 to $60,000 being the best-case scenario.
October 10, 1990 |
Wall Street's steep slide Tuesday is another signal that the worst probably lies ahead for stock prices, analysts warn. Since the beginning of October, the Dow Jones industrial index had hovered mostly around the 2,510 mark. Many analysts believed that the market had already assumed the worst would happen with the economy and the Mideast situation, and that stocks were in the process of bottoming--after a painful decline of 16% from the Dow's July peak of 2,999.75. But the Dow's 78.22-point, 3.
September 17, 1990 |
Investing with Rex Sinquefield and David Booth is a form of existentialism: A stock exists, therefore they own it. Their strategy also has been a form of masochism for seven years running, because the stocks that they buy are those of small companies--which have painfully lagged the broad market since 1984. Sinquefield and Booth's $5-billion investment firm, Santa Monica-based Dimensional Fund Advisors, is the nation's largest index investor in small stocks.
August 13, 1987
Santa Monica-based Dimensional Fund Advisors Inc. named Jeanne Sinquefield executive vice president. She previously was vice president and portfolio manager. The firm also named Ramakrishnan Chandrasekar as vice president-portfolio manager and Michael Scardina vice president and controller.
CALIFORNIA | LOCAL
December 7, 2004 |
The Engineers and Architects Assn., which represents almost 9,000 Los Angeles city workers, called Monday for an investigation by the city's Ethics Commission of a possible conflict of interest involving a member of the city pension board. Robert G.
July 3, 2001
Suzanne Gilbert has been named vice chairman and chief financial officer of Initiative Media Worldwide, a Los Angeles media-buying company. Gilbert, who was executive vice president and chief financial officer at Lowe Group, will oversee Initiative Media's financial operations. She replaces Joseph Studley, who is moving to a new position with Interpublic Group, Initiative Media's parent company.