The 1998 Reuters Survey of mid to smaller companies ranks major professionals, funds managers and securities firms on Wall Street. More than 1,500 sell-side analysts, 1,100 publicly-listed companies and 100 fund managers responded. The survey is published by Tempest Consultants.
At an awards ceremony on April 2 at the Waldorf-Astoria, the following were ranked by listed companies at the top, in the categories noted in parenthesis: Paul Haagensen, Putnam Investments (individual fund manager); Fidelity Investments (fund management group); Merrill Lynch & Co. (broker research); Merrill Lynch & Co. (investment bank).
The following were listed at the top by fund managers, in the categories noted in parenthesis: Morgan Stanley Dean Witter & Co. (broker research); Goldman Sachs & Co. (broker sales); Morgan Stanley Dean Witter (broker products and services).
Reuters itself might easily win an award for colorful writing. "Likening the industry to a juicy doughnut, the squeeze is on," Reuters noted. "So tough is the squeeze that eight out of the top 20 ranked securities houses have changed ownership in the last year."
