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After starting Fidelity Investments' first publicly sold aggressive growth fund in 1958, the Fidelity Capital Fund, he later founded the Manhattan Fund, an aggressive growth fund, in 1965. Tsai sold his interest in the fund complex in 1968 but continued to manage the funds. By 1969 the funds collapsed, losing 90% of their value. [6]
In 1975, Smith Barney merged with Harris, Upham & Co. to form Smith Barney, Harris Upham & Co., which, in 1977, was placed under SBHU Holdings, a holding company. In 1982, SBHU Holdings was renamed Smith Barney Inc. [ 4 ] During the 1980s, the company was known for its television commercials featuring actor John Houseman , with the catchphrase ...
Financial kings Morgan Stanley (NYS: MS) and Citigroup (NYS: C) have come to an agreement in the fight over their wealth management joint venture. Morgan Stanley has agreed to purchase Citigroup's ...
In 1931, he became the president and director of the company. During its course of existence, the company formed several funds, including the Growth Fund in 1962; it invested primarily in common stocks of companies that enjoyed aggressive growth. In 1979, the firm was bought by Vance Sanders & Company and became Eaton & Howard, Vance Sanders Inc.
Morgan Stanley Smith Barney will pay a $15 million penalty as part of a settlement with the Securities and Exchange Commission related to four financial advisers who stole millions of dollars of ...
On the surface, it appears growth stocks and the related exchange-traded funds (ETFs) held up relatively well last year. The S&P 500 Growth Index fell 0.10% in 2018, while the S&P 500 slid 4.60% ...
Aggressive growth mutual funds are ideal for investors seeking high capital growth.
He joined Travelers Group as vice chairman in 1997 and served as chairman and chief executive officer of Smith Barney Asset Management until October 1998. Prior to joining Travelers Group, Jones served as vice chairman of TIAA-CREF , the largest pension system in the United States , from 1995 to 1997, president and chief operating officer from ...