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  1. I really don’t think a fund’s name HAS to represent the investment objectives in the propectus. Most do as in Excelsior Asia Pacific Fund…where it should not be investing in European stocks but if someone had a fund called, for ecxamlpe, the Enterprise Fund, it is not clear what the investment objectives are.

    I would definitely agree that the funds holdings should be in line with e objectives stated in the prospectus but even then there is usually a buffer of, oftentimes, up to 25% that can be invested “elsewhere.”

  2. “I was thinking we should start a PLUSA Podcast…like a downloadable OT. The podcast circuit is quite booming these days”

    I will have Penelope Cruz read for the part of jessibaby.

  3. From my daily “trend letter” email:

    “In fact, we were just at a bar in Brooklyn where everyone was discussing the best thrift stores in Berlin, when one of our anti-place-dropping friends asked, “Who hasn’t been to Berlin?” Only one person raised his hand.”

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