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Strategies & Market Trends : NetCurrents NTCS
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To: Michael Watkins who wrote (8178)9/19/2001 3:13:09 PM
From: stockman_scott  Read Replies (1) of 8925
 
I heard a Fund Manager from Janus on CNBC the other night and he controls tens of billion of dollars....He said going into the crisis they had record amounts of cash (over 30%) and would be selectively buying...The Host probed more and The Fund Manager confirmed that 99% of his Fund team's activity would be buying on the long side...Yet, I think there is a good chance that most Fund Managers (especially those that manage the wealthy folks' money in Hedge Funds) did whatever they needed to do to insure short term gains.

Best Regards,

Scott
Best
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