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Non-Tech : Openfund.com (OPENX)

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To: Forrest who wrote (1)3/2/2000 2:57:00 AM
From: pcyhuang   of 5
 
Two reservations

I have two reservations about this fund:

1. The portfolio's high turnover rate: the fund normally
trades about $5 - $8 million per day (during my sample
period) with total assets of only about $32 million. Doesn't
the SEC set a limit on the churning rate of a public fund?

2. Its message board is discriminatory. If the posted
message does not agree with the management's thinking, the
message is deleted. It is NOT a fund opened for free
discussions.

Rgds,

pcyhuang
huangcapital.com
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