While it is widely known that mutual funds are popular among regular citizens, a Virginia watchdog group has learned that funds are also the investment vehicle of choice for the governors of the
Excluding Chairman Alan Greenspan, who keeps his money in Treasury Bills, the watchdog
The Financial Markets Center got the information by checking the governors financial-disclosure forms. They said that Robert Ferguson had the noisiest fund portfolio, with 25 mutual funds.
While the governors were not required to disclose exactly how much they are worth, they did have to check off a range from multiple-choice answers. Greenspan said he had assets of between $4.3 million to $9.4 million. Susan Bies reported to be the wealthiest, coming in between $7.7 million and $18 million.