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Technology Stocks : America On-Line (AOL)
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To: LindyBill who wrote (696)1/1/1999 12:00:00 PM
From: sam  Read Replies (1) of 41369
 
Many of these guys and gals are paid based on performance. They have chosen to match the index because that's where they see the highest returns. Therefore, my guess is that they do give a "rat's ass" -- cause if the index tanks then nobody wants to put any money in their fund. Or worse, people will pull money out and these managers will be forced to liquidate, thus exacerbating the selling in the underlying securities. Further weakening their fund's returns. And possibly placing their jobs (and nice salaries) in jeopardy. Remember, AOL is somewhere between 1/2% and 1% of the fund. Quite a large percentage. Do you really think they don't give a rat's ass? You'd be surprised the length some of these guys and gals go to try to keep the party going. JMO
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