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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (81893)	6/23/2000 6:13:00 PM
From: Michael Bakunin	Read Replies (1) \| Respond to of 132070

..I think you're talking about GIF, not SGL. GIF's the one with Rothschild, Burge and Lietuvos -- not to mention leverage and a low, low $29mm asset base. SGL's got mostly sovereign debt from the likes of the US (30%), Euro-zone, and some intriguing others (Morocco, Poland, New Zealand). Not to mention the heavy hedging: only 35% foreign currency exposure. The one thing they do have going for them is a distribution policy of 10% NAV per year, so they're returning some of the capital you can buy at a discount. GIF would be a lot more interesting to me if it were unlevered, larger, and didn't have so much exposure to Latin America. TGG and GIM have their moments, but they aren't DSI, that's certain. Alas. -mb