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While most of his competitors, like Kohlberg Kravis Roberts and Hicks, Muse, Tate & Furst, were buying into many highly leveraged telecommunication and technology investments that went bad, Mr. Forstmann was squirreling away his money -- over $4 billion -- in a special subordinated-debt fund and his more traditional equity fund, waiting for a moment like this to pounce.
Janet Tavakoli Stevee, I believe this is another Bear Stearns hedge fund waiting to happen, because what are we talking about here?
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If you want to buy such a fund, wait six months to a year, until the fund has distributed any realized capital gains.
He offers a tip: Once you have decided to buy a mutual fund, wait until late on a particularly bad day.
"If you want a broad-based exchange-traded fund, wait for Vanguard's Vipers," advises Morningstar analyst Frank Stanton, who calls Vanguard the pre-eminent indexer.
If you're interested in his fund, wait a month or so; directors will vote in March on a proposal to scrap the 4% load.
HMIE also asked about funding, waiting lists and staff numbers.
And maybe even find a little funding waiting in the wings.
On the supply side, there's a lot of money sitting in venture funds waiting to be invested.
Even without the billions in geographically agnostic funds waiting to be deployed, there is already $122 billion invested or looking for an investment in the region, estimates the Asian Venture Capital Journal, a regional trade publication.
Large pools of money sit in private infrastructure funds waiting to bankroll massive P3 infrastructure spending.
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Justyna Jupowicz-Kozak
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