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 May 2008
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Bruce Lunsford is criticizing opponent Greg Fischer for filing his financial disclosure forms 11 days late. He calls Fischer's investments in funds that have invested in two companies that grew out of the Vencor company "hypocrisy." Fischer has no direct investments in the company's that grew out of Vencor. Fischer's TV ads have criticized Lunsford's management of Vencor, which no longer exists. Here's part of Lunsford's news release: Was Fischer Trying to Hide His Investments in Vencor's Descendants, Ventas & Kindred??? • Fischer Actually Owns Publically Traded Investments in Ventas & Kindred; Corporate Descendants of Vencor. Despite repeated criticism and false personal attacks against Bruce Lunsford for how he ran Vencor, Greg Fischer invested in five different public funds which have a combined total of over $26 million invested in Ventas and Kindred, both corporate descendants of Vencor. [Greg Fischer Personal Financial Disclosure Form, 4/28/08; Russell 1000 Growth Index Fund Daily Holdings as of 5/1/2008; Russell 2000 Value Index Fund Daily Holdings as of 5/1/2008; Russell 1000 Index Fund Daily Holdings as of 5/1/2008; Russell 2000 Index Fund Daily Holdings as of 5/1/2008; Portfolio Holdings Listing, Fidelity Investment Grade Bond Fund as of February 29, 2008] • Fischer's financial disclosure revealed investments in the publically traded iShares Russell 1000 Growth Index Fund (IWF), which holds 248,251 shares in Ventas Inc, valued at $12,325,662.15. [Russell 1000 Growth Index Fund Daily Holdings as of 5/1/2008] • Fischer's financial disclosure revealed investments in the publically traded iShares Russell 2000 Value Index Fund (IWN), which holds 182,625 shares in Kindred Healthcare Inc, valued at $4,386,652.50. [Russell 2000 Value Index Fund Daily Holdings as of 5/1/2008] • Fischer's financial disclosure revealed investments in the publically traded iShares Russell 1000 Index Fund (IWB), which holds 37,850 shares in Ventas Inc, valued at $1,879,252.50. [Russell 1000 Index Fund Daily Holdings as of 5/1/2008] • Fischer's financial disclosure revealed investments in the publically traded iShares Russell 2000 Index Fund (IWM), which holds 256,127 shares in Kindred Healthcare Inc, valued at $6,152,170.54. [Russell 2000 Index Fund Daily Holdings as of 5/1/2008] • Fischer's financial disclosure revealed investments in the publically traded Fidelity Investment Grade Bond Fund (FBNDX), which holds bonds with Ventas, Inc, valued at $1,387,869. [Portfolio Holdings Listing, Fidelity Investment Grade Bond Fund as of February 29, 2008] 3 CommentsLeave a comment |
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In all my 40 years in politics, This is about the most assinine charge that I have ever heard.
These are INDEX funds. Between the 5 of them.....
they have 6,739 holdings......according to Morningstar. That is an average of 1,348 per fund.
Ventas and Kindred are not in the top 25 holdings of any of the 5 funds.
If credibility was gasoline,
The Lundsford campaign would not have enough to start a piss ant's motor scooter.
How much money has Fischer made off of Lunsford's leadership of the Ventas resurgence? Probably more than the average Kentuckian makes in a year.
The Ventas web site does NOT list Lunsford as part of either its senior management or board of directors. I do not believe he has been with either Vencor (renamed Kindred after bankruptcy) or Ventas for some time.
However, Lunsford does take credit for their successes after he left.