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In the last 40 years until this year the only time you really did not want to own this fund is 1999. It that year it did not own tech and losta few % while the S+P soared(
If you recall a bit more detail about the prospect of some impropriety between Columbia and Wall Street, would you let me know? I'm unaware of anything (that's not unusual) and didn't have any noticeable luck tracking down any leads.
Sorry, just saw this. Charles Ferguson's inside job has details. I forget the name of the professor, but he stops the interview just after Charles asks him the tough questions...