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Re: Zeev Hed post# 154586

Wednesday, 09/24/2003 1:23:36 PM

Wednesday, September 24, 2003 1:23:36 PM

Post# of 704049
These guys are not a big factor in domestic funds. German and swiss are much bigger, since the banks will lever their money for them (ie: the money comes into my fund already levered 2 to 1, and then i lever it again. Offshore is a different story. I think you guys give them too much credit. 911 notwithstanding. They do what they're told- the problem is they seem to take orders from both sides.

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