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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: David Graham who wrote (6033)	12/3/2000 11:40:31 PM
From: Cal Gary	Read Replies (1) \| Respond to of 14101

Thanks, David. In my haste I was not clear with my point nor question. I've purposefully wanted to differentiate a mutual fund vs Pension fund. I would like to know the set of criteria before a 'Pension' fund would invest in shares of DMX, not buy out DMX. Mutual fund mechanics I know a little about. But I'm not a fan of mutual funds despite some of their inherent advantages. By not following, I lack some of the nuances like fund governance and fund criteria for buying shares in companies. Funds range from aggressive growth to sector to AAA blue chippers, etc. I suspect given DMX's present profile (ie startup (humm even after 10 years), no earnings, no dividends, etc) only aggressive funds can buy shares in DMX. In the case of Pension funds, I suspect their standards (for stocks) are set much higher than stock mutual funds. I have read Caisse de dépôt et placement du Québec's governance. lacaisse.com DMX does not fit their investment criteria. However, a glance at lacaisse.com shows their involvement with a development company like CUR. So I'm a bit confused with Caisse. Being self employed I do not have a company 'pension' fund. I do recall my first job after graduation, I did read a list of investments my pension fund held, but being young and not believing I would ever see a pay out (fine print, same job/company and until 45 years later), I was not interested. So I don't know much about how pension funds work. So I gather from your response, pensions hire money managers (perhaps based on their track record or investment profile), and therefore rely on the money managers' skills and criteria for investment selection. Therefore, I'm back to square one, I'd need to know how a money manager/mutual fund's criteria trigger selection of a stock like DMX.