FUND WITH A TWIST.

The article focuses on issues related to funds in the U.S. as of January 1, 1967. Topics covered include a report released by the U.S. Securities and Exchange Commission (SEC) urging legislation that would reduce the profitability of managing and selling mutual funds, the attempt by Everyman Fund to use race to appeal to African American investors and the success achieved by Hubshman Fund by selling itself as a hedge fund in 1966.