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To: Bill Holtzman who wrote (341)9/1/2000 10:51:23 AM
From: Dale Baker  Respond to of 393
 
We are advisors for two offshore funds in Ireland and Luxembourg. We actually buy and sell the fund stocks so I guess we are managers; the paperwork all seems to say advisor though since we don't hold the money or do the administration.

That's a common arrangement with many funds - big outfits "manage" them but advisory shops make the day to day selections within the terms of a charter.