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Strategies & Market Trends : PBHG Funds
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To: RUILIN ZHAO who wrote (172)3/28/1997 9:13:00 AM
From: Archie Bunker   of 268
 
Article in the International Herald Tribune Friday, "Troubling Times At PBHG Funds. "
States Redemption rate 6% + Total Company.
Select Equity 18.5% since Feb. in redemption, 13.1% in value. lost.
11 of 12 funds have lost so far this year.
States the style of investing has short sellers playing against the funds.
Article is too long to quote, it raises some serious issues, about the style of investing in thinly held issues. Getting me nervous, I'am down 23% from last year in my IRA.
The article was written by Edward Wyatt, New York Times Service.
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