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Technology Stocks : SAP A.G. -- Ignore unavailable to you. Want to Upgrade?

To: Ibexx who wrote (2189)	8/7/1998 9:18:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 3424

Ibexx, Jay and Thread, THis post from Ibexx was intended to draw attention to me, I believe. Yes I have a hedge fund as an investment vehicle. While I am not sure of the origin of the term "hedge" fund (it may in fact have originally implied a downside bias) my fund generally goes long. In fact, he is listed in the June 8 Fortune magazine as one of the top 10 performers in the last year, and ironically, I dont believe any of the funds ranked there had a shorting strategy (one was a Russia fund, not sure about that one - the others were just leveraged longs). BTW on hedge funds, a piece of info many dont know (I didnt) is, hedge funds can maintain 25% of their assets as retirement class. This means if you have an IRA rollover and you see a hedge fund you like, the fund can handle those assets. What this means is, you can get extreme leverage on an IRA Rollover. My old IRA with Oracle didnt allow any margin or options etc. Otoh I was glad to have it based on the tax advantages. Now, I have the best of both worlds, high leverage and tax advantage. In fact I changed it into a Roth last year, which was great I thought. The one problem is that many of these funds have high minimums so you probably need to combine the IRA with other money.