New Value Challenges
Traders Magazine, April 2002
Delaware Investments was established during the Great Depression in 1938, a date which might be significant for financial historians who want to explain the firm's singular focus on value investing. The founder, Admiral Linton Nelson, was a strong believer in the adage that, "the best way to make money in the investment markets is not to lose it." Still, Delaware Investments is not a stodgy old firm. It helped to pioneer the first small stock funds, single-state muni funds, and even high-yield bond funds. The firm has about $100 billion in assets, $30 billion in equities.
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