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To: Joe Dancy who wrote (299)	10/24/1997 10:51:00 AM
From: Steve168	Respond to of 696

Joe, I found some info on Internet about setting up a hedge fund. The expense is not so high if I do most work by myself. The customer has to be a "accredited investor" which means networth over 1M or yearly income over 0.25M. I had 3 already signed up since I did some excellent work for them. I had a net gain of 75% in the first 9 months of 97. deduct 20% of the gain, my customer would still have 60% net gain in the same period. Of course I have to say I was very lucky and that performance is almost unachievable in the future. But I do think I have a good strategy and will outperform the indices. Best, Steve