CLIPPER STEERING STEADILY SOUTHWARD: IT’S A ROCKY COURSE FOR A VALUE BELIEVER
With financial stocks down and cigarette makers battered by lawsuits, the once-stellar Clipper fund seems all at sea.
With financial stocks down and cigarette makers battered by lawsuits, the once-stellar Clipper fund seems all at sea.
The fund, long known for solid performance, had declined 5% this year through last Wednesday, vs. a -0.08% return for the average large-cap value fund. The $1.2 billion fund gained
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