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To: At_The_Ask who wrote (201244)10/30/2002 7:53:08 PM
From: PnclNk  Respond to of 436258
 
Tomorrow is last day for painting per Taskmaster update:
"Rather than being beholden to so-called T+3 settlement, "funds are required to book securities on the day they [make trades] , even if settlement hasn't occurred," according to John Collins, a spokesman for the Investment Company Institute. (Thanks to TheStreet.com's Dagen McDowell for pointing out my mistake.)

Thus, there really is no disincentive for fund managers to engage in "window dressing" during the final days of a month, quarter or, in this case, fiscal year."