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Jim:
Yes, I forgot about those; probably because I have lost money
whenever I have traded them.....on balance.
Chas
-----Original Message-----
From: Jpilleafe@xxxxxxx <Jpilleafe@xxxxxxx>
To: chmeyer@xxxxxxxx <chmeyer@xxxxxxxx>; realtraders@xxxxxxxxxxxxxxx
<realtraders@xxxxxxxxxxxxxxx>
Date: Sunday, February 06, 2000 3:14 PM
Subject: Re: [RT] Re: Asset Allocation
>In a message dated 2/6/00 10:30:39 AM Pacific Standard Time,
chmeyer@xxxxxxxx
>writes:
>
><< I am not aware of any mutual fund managers who specialize on the
> short side which brings up the idea of using
> hedge funds. >>
>
>Hello Charles,....
>
>There are quite a few mutual funds available to play the downside.
>Rydex Ursa fund (RYURX) is one of the first,...1.0 ;1.0 correlation
>with the S&P500 futures on the downside (the portfolio is comprised
>solely of futures and options to get 1:1 correlation). Rydex has a
>short OTC100 fund ,...the Arktos fund (RYAIX),....which is 1:1 correlated
>witht he OTC100 on the downside. Rydex has plans to offer 2:1 leveraged
funds
>(both longside as well as shortside) in the next few weeks. Also Rydex is
>supposedly going to allow funds to be traded once in the morning...like
10:30
>am,...in addition to their afternoon deadline for fund trades. The Rydex
>site
>www.rydexfunds.com or.... <A
HREF="http://www.rydexfunds.com/index.cfm";>Rydex
> Homepage</A> has information on upcoming
>changes.
>
>
>Profunds has Bear (BRPIX) and Ultra Bear (URPSX) with 1:1 and 2:1 exposure
to
>the downside in S&P500.
>
>A "managed" portfolio is available in the Prudent Bear Fund (BEARX),...
>which shorts individual equities and is not correlated with any specific
>index.
>
>A fund that typically runs half long and half short is Caldwell and Orkin's
>Market Opportunity (COAGX) fund,..but is currently closed to new investors.
>There are other "Market Neutral" tpe funds,..most have mediocre performance
>at best. If this market does complete a longer term top,...I would expect
to
>see more mutual fund vehicles deisgned to take advantage of the downside.
>One fmaily to watch is MFS,...they have two dynamite "long/short" funds
>in-house...
>which apparently have only been available to MFS employees,..and have great
>returns last year. If these the MFS "hedge type" mutual funds are made
>available
>to the public,..they would be worth taking a look at in my opinion.
>
>JIM
>
>
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