Nothing quiets critics like a 244% return

Cash is beginning to flow back into Pilgrim Baxter & Associates, the beleaguered fund company founded by Gary Pilgrim and Harold Baxter. Three of PBHG's mutual funds produced 100%-plus returns in the final quarter of last year. PBHG Technology & Communications finished 1999 with a 243.9...

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Published in:Fortune 2000-01, Vol.141 (2), p.174
Main Author: Boitano, Margaret
Format: Magazinearticle
Language:English
Subjects:
Mutual funds
Portfolio investments
Portfolio performance
Rates of return
Stocks
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description Cash is beginning to flow back into Pilgrim Baxter & Associates, the beleaguered fund company founded by Gary Pilgrim and Harold Baxter. Three of PBHG's mutual funds produced 100%-plus returns in the final quarter of last year. PBHG Technology & Communications finished 1999 with a 243.9% gain. Pilgrim has suffered from some key defections of talent in the past few years.
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subjects Mutual funds
Portfolio investments
Portfolio performance
Rates of return
Stocks
title Nothing quiets critics like a 244% return
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