To: KM who wrote (16771 ) 2/27/1999 11:56:00 AM From: MileHigh Respond to of 93625
Trufflette, I did not post the whole article, but it was from this weeks Barrons and thier bios are below....March 1, 1999 The Long and Short of It These Montgomery managers learned to benefit from global turmoil An Interview With Nancy Kukacka and Angeline Ee -- The average global mutual fund gained just 14% last year, but the Montgomery Global Long/Short Fund did far better, rising more than 50% in its first year of operation. Under the stewardship of Kukacka and Ee, this fund did what its name implies: mixed its long bets with a dose of short-selling. The mix proved a great advantage in 1998, what with markets all around the world gyrating wildly. On average, at least 25% of the fund was devoted to short positions in 1998. This year, managers Kukacka and Ee are ahead an impressive 4.7%. Ee, a specialist in emerging markets, spurned law school in her native Singapore for the portfolio management business, later worked at AIG, and then moved to Montgomery four and a half years ago. Kukacka, who used to work as an analyst of consumer products, did a stint at CS First Boston and landed at Montgomery in 1995. By midyear, the duo plan to close their $84 million fund to new investors. With a smallish operation, they reason, it will be easier to keep delivering superior performance. In the following pages, they extol the charms of diversification; point out that their operation is nothing like disastrous hedge fund Long-Term Capital, and offer their views on Rupert Murdoch's plan to hook up with Canal Plus, and on Olivetti's hostile bid for Telecom Italia. For their outlook on a host of promising stocks, read on.