October 1, 2005 |
The skippers of the $7-billion Clipper mutual fund in Beverly Hills are abandoning ship, after two years of lagging performance. Managers James Gipson, Michael Sandler and Bruce Veaco, who have run the value-oriented stock fund since the mid-1980s, are leaving at the end of the year, the fund's parent company said Friday. Gipson, 62, is the founder of Pacific Financial Research Inc., the entity that serves as advisor to the Clipper and Clipper Focus funds.
February 15, 1990
The engagement of Emily Webb Williamson to Henry Lea Hancock and plans for their wedding in July have been announced by her parents, Mr. and Mrs. Norman Bruce Williamson of San Marino. The bride-elect, a graduate of Thacher School and of USC, is affiliated with Kappa Kappa Gamma and the Spinsters. She is employed in the clothing industry. Her father, a great-grandson of Gen. Harrison Gray Otis, founder of the Times Mirror Co.
July 16, 1990
All Saints Episcopal Church in Pasadena was the setting for the nuptials of Emily Webb Williamson and Henry Lea Hancock. A reception followed in the home of the bride's parents, Mr. and Mrs. Norman Bruce Williamson of San Marino. The bride, a graduate of Thacher School and USC, is affiliated with Kappa Kappa Gamma and the Spinsters of Los Angeles. Her father, an investment counsel with Pacific Financial Research in Beverly Hills, is a great-grandson of Gen.
November 30, 2005 |
The team steering the Clipper mutual fund is charting its own course. In a surprise move, the board of Beverly Hills-based Clipper is expected today to announce that it is severing ties with the fund's management company and instead hiring a firm that has had no connection to the fund. Analysts called it an unheard-of development in an industry in which "independent" directors rarely live up to that billing.
December 10, 1988
ADDRESS: 3545 Harbor Blvd., Costa Mesa BUSINESS: The company designs, makes and sells mass storage peripheral controller and communications multiplexer products for use with minicomputers and microcomputers. ASSETS: $85.2 million (July 3) NUMBER OF EMPLOYEES: 863 TOP EXECUTIVES: Name Position Fred B.
November 21, 2003 |
Gary Pilgrim, a highflying mutual fund manager in the 1990s, Thursday became the latest money manager to be charged with wrongdoing in the fund industry's burgeoning trading scandal. Pilgrim, who co-founded the PBHG fund group, was charged with civil securities fraud in separate complaints filed by the Securities and Exchange Commission and New York Atty. Gen. Eliot Spitzer. Also charged were Pilgrim's partner, Harold Baxter, and their firm, Pilgrim Baxter & Associates.