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Gold/Mining/Energy : Inco-Voisey Bay Nickel [ T.N.V]
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To: Lorne Larson who wrote (504)10/23/1998 1:29:00 AM
From: Steve Horwitz  Read Replies (1) of 1615
 
There's good reason to believe it was Robertson Stephens. First, under the Contrarian Fund's new guidelines, the fund can hold no more than 5% of its assets in any one stock. At one time, RSCOX had more than 14% in NVB, so if the fund has put these new guide lines to work, Robertson Stephens is the likely candidate. Second, in an article in last week's Wall Street Journal, Borden Putnam, the RS geologist who has been a bull for NVB, sounded very dour about the prospects for Voisey Bay. Nonetheless, RS still retains a hunk of NVB--but it's been a disaster for one of the worst performing mutual funds in the U.S.
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