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To: stockman_scott who wrote (167150)9/22/2001 4:12:59 PM
From: OLDTRADER  Respond to of 176387
 
Stockman Scott:There are now over 500 hedgefunds-NOW instead of scarfing off a measly 2%-mgm fee (money mgr) the new and improved version/mgr can now "keep" 20% of the profits and 1-2 % mg fee as well--(should be he has to in turn pay back to the poor client 20% if he losses)-it is a tails I win heads --heads I win deal-Anyway there are NOW multitudes/more short sellers PLUS!! 30 years of mutual fund encapsulation by the big firms- of SEPARATE/(the old fashioned type)- client brokerage accounts --all of this converging into disaster-"a confluence of GREEDY agendas making up the Perfect Storm!"