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Tipster Set Fund Scandal Snowballing

Date: July 23, 2006
Author: Brooke A. Masters
QUOTE: They would move millions of dollars into a particular mutual fund whenever they thought its prices were "stale" -- lagging behind the actual value of the underlying assets -- and then sell their shares as soon as the fund price caught up...the sudden inflows and outflows increased costs and cut into profits for long-term investors.

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