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Article: Pioneer fund hits the big 8-0.(Short Interests)
- Article from:
- Investment News
- Article date:
- February 11, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Sue Asci
If an investor had invested $1,000 in the Pioneer Fund when it was launched in 1928, his or her heirs would be millionaires today.
Pioneer Investments of Boston will mark its 80th anniversary this week when Dario Frigerio, global chief executive of the firm, Daniel K. Kingsbury, chief executive of Pioneer Investment Management USA Inc., and John Carey, manager of the Pioneer Fund, will participate in the closing-bell ceremony at the New York Stock Exchange on Wednesday.
The firm was founded by legendary investor Philip Carret of Boston, who died in 1998 at the age of 101.
Reportedly, he took what he learned while ...