7 Money Managers Start Up New Firm

A new, high-powered money-management firm has dived into the Louisville market. Seven former employees of J.J.B. Hilliard, W.L. Lyons have formed Parthenon Capital Management, which began operations last week. “We like the visual imagery and strength of the name,” said Todd Lowe, president and chief operating officer. Lowe, former director of research at Hilliard Lyons,…

1999 Client Letter

The stock market appeared to be rolling along on its way to a fifth straight 20% – plus year by mid-summer, but was derailed in the third quarter. The S&P 500 Index fell 6.24% in the quarter and advanced 5.37% (dividends included) for the nine months through September. Fears of rising inflation, higher interest rates,…