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To: H James Morris who wrote (88537)	12/25/1999 3:28:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

I believe "Hedge fund" has become the default classification for any managed account, I'm not sure what the history of that is. So when I was looking for an account manager, I looked up the relative performance in this hedge fund publication that ranks them... most were not hedging at all however, although they are free to do whatever they want. My guy has been short or long before, sometimes both but more long than short, and right now he is long. Therefore I would not classify his fund as a traditional hedge fund. I also have my own accounts and stock options I have been granted from misc companies too so I don't do much with the fund, I just watch it. If he takes a large position in a stock like say, yahoo (which he has), then I don't buy it in my acct because I figure I've got enough of it indirectly through him.