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Technology Stocks : For Hedge Fund Analysts and Managers -- Ignore unavailable to you. Want to Upgrade?

To: Howard Bennett who wrote (465)	7/5/2001 12:58:16 PM
From: WaveSeeker	Read Replies (2) \| Respond to of 499

"It is my belief that these so called Hedge Funds are just that... large pools of money..." This statement is laughable. You make it sound like a hedge fund is some kind of secret entity. It's simply a general partnership with limited partners who contribute capital. There's a reason why hedge funds are less regulated and are designed for accredited investors. They are limited to 99 limited partners which exempts them from registering as a fund; however, this does not preclude them from having to register with each and every state in which they do business, as well as paying corporate fees and tax returns. So the perception that hedge funds are unregulated is a red herring - they are simply investment vehicles that use a wider range of strategies that are restricted in mutual funds. Any potential hedge fund investor can perform due diligence by getting the manager's Private Offering Memorandum and an audited track record. Any reputable fund has a well-known prime broker, accountant, and legal advisor. Starting a hedge fund is a lengthy and time-consuming process - seems to me there are much easier scams if that's your bag. Regarding your point about "trading vehicles", I'd be interested to know which 1/2 billion market cap companies you consider as hedge fund vehicles. And if you understand how they are manipulated, then many here would be interested in your theories. Please fill us in. WS