WALL STREET: Speculators' Delight

Francis Fitz Randolph, a 62-year-old Yaleman (Skull and Bones) who collects first editions, likes to go fishing in such far-off places as Iceland and Norway. A lawyer turned investment banker, he is little known outside Wall Street. But there Fisherman Randolph has a prize catch on the end of his line. As boss of Manhattan's Tri-Continental Group, composed of six investment trusts with assets of nearly $200 million, Randolph votes huge blocks of stock in scores of top U.S. companies. His two biggest trusts are Tri-Continental Corp. ($86 million in assets) and...

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