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To: lorne who wrote (42210)	10/7/1999 7:11:00 AM
From: Alex	Respond to of 116762

Tiger Management restricts fund withdrawals NEW YORK, Oct 7 (Reuters) - Tiger Management, the giant hedge fund run by Julian Robertson, is making it harder for investors to withdraw their money, the Wall Street Journal reported. After another month of poor returns and investor flight, the fund told clients that beginning next March they will no longer be able to cash out on a quarterly basis, but instead will only have that opportunity twice a year, the Journal said. The information was contained in a letter Robertson sent to clients of the fund reporting that Tiger had lost 6.7 percent in September, bringing its year-to-date loss to 23.1 percent, the Journal said. The losses and investor withdrawals leave Tiger with $8 billion under management, down from $10.5 billion at the end of June and a peak of more than $20 billion in mid-1998, the Journal reported. biz.yahoo.com