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Larger funds have to be patient when building up positions.
That favours larger funds, which can afford the extra safeguards.
Larger funds may struggle to post strong returns unless deal sizes increase it is harder for large funds to bet on smaller deals without moving the price.
In the next year, as a much larger fund, its 70percentt decline produced losses of $234.6 million.
Many of the larger fund companies have restrictions on such trades.
MFS has $134 billion under management, making it one of the nation's larger fund companies.
If the venture is a success, he anticipates opening a larger fund to the public.
Larger funds, meanwhile, may struggle to find opportunities big enough to make a difference.
By the time a bad year occurs, the manager will be running a much larger fund.
For the larger funds, the new law may not change much.
For some of the larger funds, the proportion is twice as great.
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