Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: kemble s. matter who wrote (49354)	6/30/1998 10:24:00 AM
From: Gabriel008	Read Replies (4) \| Respond to of 176387

Does anyone here remember Kaufman the man who downgraded DELL to a sell a little while back. Well, Kaufman is back in the news. Latest Laggard: Kaufmann No Longer No. 1 By Alison Pederson Senior Writer 6/30/98 10:16 AM ET Kaufmann Fund No Longer 10-Year Top Seed Not on trains, on planes or in the comfort of your own home can you escape the ads proclaiming the Kaufmann fund the "#1 General Equity Fund" for the past 10 years. Trouble is, it isn't No. 1 any longer. Janus Twenty is. Not that the ads are wrong. They are correct through the end of last quarter. But the fund's 10-year trailing numbers recently fell behind Janus Twenty's. Now, the Kaufmann fund's cumulative return for the period from June 30, 1988, through Friday trails Janus Twenty's by 81.9 percentage points, according to Lipper Analytical Services. If it can't close the gap before the end of Tuesday, it won't finish the quarter on top. That's a lot of ground to cover in a very short time. Several years of large-cap outperformance have helped to topple the once mighty Kaufmann fund, which invests primarily in small- to mid-cap stocks. The fund has underperformed the market for the past three years as assets have ballooned to more than $6 billion -- making it the second-largest small-cap in terms of assets. Big assets can be tough on small-cap funds. Kaufmann underperformed its small-cap peers in 1997 with a return of 12.6% versus an average 20.7% for all small-cap funds. A 1.9% expense ratio, which exceeds the average 1.5% for all funds, eats away at returns. It looks like Lawrence Auriana and Hans Utsch -- Kaufmann's managers -- will soon be shopping for a new slogan. Somehow, the "#2 Fund" just doesn't have the same zing. We asked what will become of the ubiquitous advertisements, but the folks at Kaufmann didn't return a call seeking comment.