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To: J. Conley who wrote (443)7/15/2000 1:57:56 PM
From: Dale Baker  Respond to of 955
 
OT - there is no SEC ruling limiting funds to putting 5% of their assets in one stock. You can have a fund that only holds one stock if you like.

You can't write a prospectus saying you won't put more than 5% in one share and then go over that self-imposed limit.

The international funds I advise on have a 10% single stock limit. But that was set by the companies that administer the funds.

Looks like it's time to load up on LDP again. Thanks for everyone's DD here. Check out WCAP too with their large CMRC holdings.