Median large-cap growth equity accounts in the PIPER managed accounts universe beat the S&P 500 index for the quarter and year ended March 31. The large-cap growth account returned 5.6% for the quarter and 22.4% for the year, compared with 5% and 18.5%, respectively, for the index. Overall median equity accounts didnt fare as well, with small-cap and value stocks bringing up the rear. Of the 801 equity accounts reporting, the median overall managed equity account returned 0.5% and 3.3% for the quarter and year, respectively. The median small-cap value equity account fell 9.9% for the quarter and dropping 21.3% for the year ended March 31.