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January 20, 1995 - Image 42

Resource type:
Text
Publication:
The Detroit Jewish News, 1995-01-20

Disclaimer: Computer generated plain text may have errors. Read more about this.

Or,
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Solid

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Compiled by Steve Stein

SCHOSTAK BROTHERS &
Company, a Southfield-based real
estate firm which is celebrating
its 75th anniversary this year,
has undergone a major restruc-
turing of its top management.

Jerome
Schostak

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Robert
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West Bloomfield, MI 48322
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Farmington Hills, MI 4833
(810) 474-6400

David
Schostak

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restaurant operations have
grown to more than 40 locations,
including 40 Burger King and
Boston Chicken stores," Jerome
Schostak said.
In another management move,
Robert Sher will become vice
chairman of the board.
Jerome Schostak says he will
remain chairman and CEO and
concentrate on "executive and
policy matters, long-term strate-
gies, development and growth op-
portunities and on the successful
implementation of business plans
and operations."
Schostak Brothers has prop-
erties in Michigan, Indiana and
Kentucky.

Jerome Schostak, the compa-
ny chairman, president and chief
executive officer (CEO), has an-
nounced that his sons Robert and
David, who have been operating
the company on a daily basis for
several years, will now share the
office of president and become
chief operating officers (COO).
"This means that a third gen-
eration of Schostaks will assume
the operating reins of the com-
pany," said Jerome Schostak,
who also announced that his son
Mark will continue to concentrate
on the development and expan-
sion of the company's restaurant
operations.
"Under Mark's leadership, our

family of mutual funds, called the
Leadership Trust.
It joins the Israel Opportuni-
ties Fund in the B'nai B'rith Mu-
tual Fund Investment Program.
The funds are distributed by
MDS Securities through region-
al commercial banks.
The Leadership Trust consists
of one global and seven domestic
mutual funds, each with a dis-
tinctive investment objective.
The funds include a global
high-yield securities fund, an as-
set management fund, a short/in-
termediate U.S. government
securities fund, an intermediate
tax-free bond fund, a capital ap-
preciation fund, a U.S. treasury
money fund, a money market
fund and a tax-free money fund.
Bankers Trust Company of
New York is serving as the lead
investment adviser and custodi-
an to the Leadership Trust.
Although the fund is available
to the general public, B'nai B'rith
members will receive a discount
on fund sales charges.
To obtain a prospectus on the
Leadership Trust, call the B'nai
B'rith Mutual Fund Investment
Program, (800) 655-1818.

THE 1994 performance figures

for the country's 2,359 mutual
funds tracked by Lipper Analyt-
ical Services are in, and the
Amelia Earhart Eagle Equity
Fund earned high grades.
The fund, managed by Jill
Travis, president and CEO of
Southfield-based Amelia Earhart
Capital Management, had a to-
tal return of 17.7 percent.
That ranked second of 564
growth funds (the average was
minus 2.2 percent), sixth of 1,634
general stock funds (the average
was minus 1.7 percent) and 18th
of the 2,359 general and special-
ized funds tracked by Lipper.

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