Simmons, Stephens funds in top 10. (Brokerage Notes).
But Stephens Capital Management's Intermediate Government Bond Fund achieved a higher ranking in its category. The Stephens fund was ranked No. 3 with a five-year return of 8.7 percent in the Piper managed domestic intermediate duration fixed-income category.
SCM manages more than $2 billion for its clients. SCM'S fixed-income ream--led by Bill Tedford, senior vice president of Stephens Inc. and director of the fixed-income strategy, and his son, Alan Tedford, lead portfolio manager and member of SCM'S fixed-income executive committee--has about $500 million in assets that it manages.
Simmons' Employee Benefit Income Fund had an average annualized return of 7.3 percent for the five-year period ended June 30, which put it in 10th place among intermediate duration commingled fixed-income funds. The fund is managed by Chuck Tlapek.
"Our Employee Benefit Income Fund has ranked among the top 10 within its category in 18 of the last 31 surveys," said J. Thomas May, chairman, president and CEO of Simmons.
Simmons Employee Benefit Stock Fund also was ranked 10th for its one-year performance in the Piper commingled domestic growth equity category. Against the S&P benchmark of -18 percent, the Simmons funds came in at -16 percent.
Simmons First Trust manages investments of more than $700 million and is responsible for more than $2.1 billion in trust assets.
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|Comment:||Simmons, Stephens funds in top 10. (Brokerage Notes).|
|Article Type:||Brief Article|
|Date:||Sep 9, 2002|
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