Eyeing the Short Side of Amazon
By Gary B. Smith
01/17/2003 08:44
I'm always on the lookout for funds of any sort that have a track record of outperforming the averages. I pay particular interest, though, to funds that use technical analysis (at least in part) and that were positive in 2002. The latter is about as stern a test as you could want.
Well, I recently uncovered one that goes by the name of the Bayou fund. Although it's relatively new, it's off to a strong start, notching gains of 19.6% in 2000, 7.1% in 2001 and 11.08% in 2002. Since its inception in '97, it has chugged along at a 19% compounded yearly return.
As always, this should be viewed as information only, as I have no money invested in Bayou, nor do I have any actual experience with the fund myself. I do know that its investment minimum is a cool $250,000, though. (The fund doesn't have a Web site, so if you want information, you'll have to contact it directly. Contact Howard Kra.) |
