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Lipper Analytical Securities

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BUSINESS
July 24, 1998 | Associated Press
Reuters Holdings said it's buying the mutual fund information business of privately held Lipper Analytical Services Inc., a major provider of data on the $7-trillion worldwide fund industry. Reuters, the British news and financial information service, plans to keep the Lipper Analytical name, which would be attached to all of its expanded fund information offerings. Founder A. Michael Lipper would remain chairman of the firm, which would also retain its headquarters in Summit, N.J.
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BUSINESS
October 10, 1999 | PAUL J. LIM
In the coming days and weeks, mutual fund companies will start mailing out their third-quarter statements. And those funds that did reasonably well will also start touting their performance in ads in the personal finance magazines and in newspapers. You know the ones: "In the past 18 months, we were the No. 3-ranked small-cap biomedical Pacific-Asia fund that doesn't invest in Japanese stocks!"
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BUSINESS
April 7, 1998 | RUSS WILES, Russ Wiles is a mutual fund columnist for The Times
A. Michael Lipper's name has become synonymous with mutual fund data, especially performance information. Lipper heads Lipper Analytical Services, the premier performance-monitoring firm for the fund industry. The Summit, N.J.-based company tracks roughly 38,000 investment companies worldwide, with almost half of those in the United States.
BUSINESS
July 24, 1998 | Associated Press
Reuters Holdings said it's buying the mutual fund information business of privately held Lipper Analytical Services Inc., a major provider of data on the $7-trillion worldwide fund industry. Reuters, the British news and financial information service, plans to keep the Lipper Analytical name, which would be attached to all of its expanded fund information offerings. Founder A. Michael Lipper would remain chairman of the firm, which would also retain its headquarters in Summit, N.J.
BUSINESS
June 30, 1998 | From Bloomberg News
Lipper Analytical Services Inc., the No. 1 provider of mutual fund research to institutional investors, is in talks to sell the firm, people familiar with the situation said Monday. Michael Lipper, 63, may reach an agreement to sell the closely held firm as early as this week, they said. Lipper, the firm's chief executive, was not immediately available for comment. Lipper is facing increasing competitive pressure from rival firms such as Morningstar Inc.
BUSINESS
July 6, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
It paid to be "green" in the second quarter of 1990. The top-performing mutual fund last quarter was the Schield Progressive Environment Fund, which invests in stocks of environmentally responsible waste management and landfill firms, according to Lipper Analytical Services' quarterly ranking of mutual fund performance. Progressive Environment, which debuted only in February, earned a 29.54% return during the second quarter. And the fund's managers are optimistic.
BUSINESS
October 10, 1999 | PAUL J. LIM
In the coming days and weeks, mutual fund companies will start mailing out their third-quarter statements. And those funds that did reasonably well will also start touting their performance in ads in the personal finance magazines and in newspapers. You know the ones: "In the past 18 months, we were the No. 3-ranked small-cap biomedical Pacific-Asia fund that doesn't invest in Japanese stocks!"
BUSINESS
January 23, 1992 | From Times Staff and Wire Reports
Mutual Fund Assets at Record High: Assets in open-end funds hit a record $1.35 trillion at the end of 1991, with fourth-quarter growth of $92 billion. Lipper Analytical Securities Corp. said assets in open-end stock and bond mutual funds last year rose by $292.2 billion, or 27.6%. The equity fund group recorded the sharpest asset gain in the quarter, rising $38.76 billion.
BUSINESS
February 4, 1993
Salomon Inc. reported a profit of $143 million in the fourth quarter, a period marked by healthy trading results but also losses in Salomon's energy subsidiaries. The report indicated that the firm is rebounding from the Treasury auction bidding scandal, but its lower 1992 revenue shows Salomon's investment banking business remains wounded from the affair.
BUSINESS
June 30, 1998 | From Bloomberg News
Lipper Analytical Services Inc., the No. 1 provider of mutual fund research to institutional investors, is in talks to sell the firm, people familiar with the situation said Monday. Michael Lipper, 63, may reach an agreement to sell the closely held firm as early as this week, they said. Lipper, the firm's chief executive, was not immediately available for comment. Lipper is facing increasing competitive pressure from rival firms such as Morningstar Inc.
BUSINESS
April 7, 1998 | RUSS WILES, Russ Wiles is a mutual fund columnist for The Times
A. Michael Lipper's name has become synonymous with mutual fund data, especially performance information. Lipper heads Lipper Analytical Services, the premier performance-monitoring firm for the fund industry. The Summit, N.J.-based company tracks roughly 38,000 investment companies worldwide, with almost half of those in the United States.
BUSINESS
July 6, 1990 | KATHY M. KRISTOF, TIMES STAFF WRITER
It paid to be "green" in the second quarter of 1990. The top-performing mutual fund last quarter was the Schield Progressive Environment Fund, which invests in stocks of environmentally responsible waste management and landfill firms, according to Lipper Analytical Services' quarterly ranking of mutual fund performance. Progressive Environment, which debuted only in February, earned a 29.54% return during the second quarter. And the fund's managers are optimistic.
BUSINESS
May 7, 1987
Robert Fomon, who piloted E. F. Hutton Group Inc. for 17 years but started relinquishing power after a check-kiting scandal two years ago, retired Wednesday as chairman and a director of the brokerage giant. Fomon, 62, will remain a consultant to Hutton for up to seven years and receive an unspecified annual fee, a company statement said.
BUSINESS
November 19, 1991 | From Times Staff and Wire Reports
Small investors who hoped that Friday's selloff would lead the way to higher stock prices outnumbered sellers Monday as the market mounted a mild comeback. Calls flooded into mutual fund groups over the weekend as investors sought information and logged buy or sell orders. Three times the normal number of callers contacted discount brokerage Charles Schwab & Co. between Friday and Monday, spokesman Tom Taggat said.
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