Word: petrycki
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Dates: during 2002-2002
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Eight top analysts left Legg Mason last June to found Precursor Group, based in Washington. Led by former ING Barings ceo Michael Petrycki, another group of analysts broke away last May to form Fulcrum Global Partners, based in New York City. They join well-established Sanford C. Bernstein among the boutique firms selling stock research unfettered by investment-banking concerns. Individual investors generally can't get research from these firms, which are paid in commissions from hedge funds or mutual funds that act on the firms' recommendations. But select, full research reports are available at prices as high as several...