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Even a young fund typically owns several dozen stocks, providing many data points.
And they would have to figure out how to keep highflying young fund managers from jumping to other fund companies.
Traders from places like Venice, Genoa and Pisa in the late 12th century managed to win for themselves the sort of advantages and loopholes in Constantinople that bright young fund managers would kill for today: they negotiated positions that allowed them to undercut local traders, alongside smart commercial treaties that let them minimize or even sidestep their taxes.
Mr. Grebow, the young fund superstar who was brought down when the Securities and Exchange Commission accused him and his partner of fraud last year, could have been stopped much sooner if the industry had a self-regulatory organization, according to Mr. Weidner.
Granted, it's been a pretty good industry but it's a young fund, and to attract longer-term investors means bringing on someone like Samson".
More to the point, do you want to go with any young fund when such T-Rexes as Fidelity Magellan and American Century Ultra have long performance records and vast service apparatuses behind them?
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A DRS spokesman said the company's PAC bought a ticket to a Young fund-raiser.
"He's the brightest and hardest working young fund-raiser to hit the Democratic Party since Tony Coelho," said Mark Weiner, the treasurer of the Democratic Governors Associationn and a big-league Democratic money man himself.
At the new Schwarzenegger headquarters on Main Street in Santa Monica, before a news media blackout restricted access at midweek, young fund-raisers and software engineers huddled over laptops discussing how to structure the campaign's Internet site to collect as much money from donors as possible through the Web.
Here is why: Big fund companies have many ways to increase the returns of young funds that they want to promote.
It is still too early to calculate performance in such young funds, and one big hit could more than compensate for many duds.
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Justyna Jupowicz-Kozak
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