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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (95222)	3/25/2002 3:29:57 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 132070

ild, Yes. If they are actually "window dressing," and I've never seen it at any fund family where I've worked (but since Barron's started rating fund families, I've come to realize that I worked at absolutely top rate firms. Fly by night outfits may operate differently), they need the trade to settle before their reporting day. So, if you want ASA to show up in the report, and you want Lucent out, you have to have the trade settle before the end of the reporting period. However, there is another trick: an institution doesn't have to play by the 3 day rule. When I managed money, I often specified same day or next day settlement. In my case, I was trying to scarf up dividends, not prettify an ugly portfolio, but the same rules apply. A fund trader can call a brokerage trading desk and request any settlement day he wishes, as long as it is that day or later.