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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Earlie who wrote (77037)3/8/2001 7:46:49 AM
From: yard_man  Read Replies (1) of 436258
 
Tice ain't done so well according to cnnfn

cnnfn.cnn.com

All these returns look puny -- I think there is some slanted reporting going on here ...

Nice excerpt from the end

>>One fund, BearGuard Fund, which had been the first short-only fund when it debuted in 1999, is closing at the end of the month because of small asset size, said manager Paul McIntyre. Ironically, the fund earned 26 percent in 2000, when most parts of the fund world suffered. The fund earned another 18.8 percent in February.

"We just weren't able to get enough interest or understanding from a short-only fund," McIntyre said.

Tennes, of Rydex Funds, said he's also surprised asset size hasn't taken off.

"We're not exactly sure why, but one possibility is although people are discouraged by the performance in the market recently, there may not be a lot of fear," Tennes said. "It may be, despite the slide, that there's still a large degree of optimism in the market." <<
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