PIPER managed overall median fixed-income account bettered the Salomon...

PIPER managed overall median fixed-income account bettered the Salomon Smith Barney Broad Market Bond index for the quarter and year ended Sept. 30. Of the 519 accounts reporting, the median account returned 0.8% for the quarter and 0.3% for the year, compared to 0.7% and -0.3%, respectively, for the index. The best performance came from the median limited-duration bond account, with the median bond account returning 1.2% and 3.4% for the periods; while the median long-duration account turned in the worst performance, with 0.2% and -4.0%, respectively.