Sarbanes Gets His Way

It took WorldCom to give Sen. Paul Sarbanes clout. Chairman of the Senate Banking Committee, the Democrat from Maryland was having a hard time pushing through a stiff corporate reform bill when the telecommunications company's creative accounting made believers out of most senators and representatives, including Republicans, who had been pressing for passage of a more tepid version. Post-Enron, the

It took WorldCom to give Sen. Paul Sarbanes clout. Chairman of the Senate Banking Committee, the Democrat from Maryland was having a hard time pushing through a stiff corporate reform bill when the telecommunications company's creative accounting made believers out of most senators and representatives, including Republicans, who had been pressing for passage of a more tepid version. “Post-Enron, the Sarbanes bill looked like a ceiling; after WorldCom, it became a floor,” says Charles Gabriel, senior Washington analyst for Prudential Securities, who has followed Sarbanes' career for 20 years.

Top Separate Account Managers Per Asset Class

(Based on 12-month gross returns as of June 30)

Asset Class Manager Return (%)
Large Cap Core OakBrook Investments 4.51
Large Cap Growth Groesbeck Investment Management 4.69
Large Cap Value Schneider Capital Management 7.91
Small - Micro Cap Core American Century Investment Mgmt. 14.57
Small - Micro Cap Growth Sterling Johnston Capital Management 42.06
Small - Micro Cap Value Numeric Investors 27.99
High Yield Fixed Income SMH Capital Advisors 11.51
Emerging Markets Debt Ashmore Investment Mgmt.-Russian Debt 71.92
Source: InvestorForce
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