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Rating:Who's with Amerindo? Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, June 16, 2005

Who's with Amerindo?

by: Theresa Sim

Investors in the Amerindo Technology Fund have pulled out 39 percent of the funds assets in the last three weeks, reports the Investors Business Daily. The fund, which had $105 million in assets on May 25, before the arrests of fund managers Alberto Vilar and Gary Tanaka, experience $4.3 million in withdrawals by June 6, and another $35.3 million the week after.

The fund is currently being advised by Munder Capital Management in a temporary contract that lasts 150 days.  

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