Bridgeway candor: Bridge over troubled waters.(Other Views)

Investment News, October, 2004

Byline: Barry B. Burr At Bridgeway Funds Inc., candor is a constant philosophy, even in the face of adversity and even when that adversity involves a settlement with the Securities and Exchange Commission. As John Montgomery, the president of Bridgeway, noted in a recent letter to the Houston mutual fund company's shareholders: "One principle that guides our decisions, both large and small, is considering the question: What is in the best long-term interests of current shareholders? "A tradition that has grown out of this philosophy is reporting to shareholders in the annual report what we consider to have been the worst thing that happened during the fiscal year.'' That declaration introduces an explanation of the SEC settlement with Bridgeway...

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