Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10 5/3/83; site cubsvax.UUCP Path: utzoo!watmath!clyde!floyd!cmcl2!rocky2!cubsvax!peters From: peters@cubsvax.UUCP Newsgroups: net.invest Subject: Re: Old & New AT&T Stock Message-ID: <157@cubsvax.UUCP> Date: Sun, 5-Feb-84 15:18:42 EST Article-I.D.: cubsvax.157 Posted: Sun Feb 5 15:18:42 1984 Date-Received: Thu, 9-Feb-84 07:37:39 EST References: <328@hogpc.UUCP> <156@cubsvax.UUCP>, <553@ihuxk.UUCP> Organization: Columbia Univ Biology, New York City Lines: 15 I just looked at the NYTimes yesterday (4Feb), and found that the "Publicly Held Funds" (forgive my incorect spelling of "Publicly" last time!) are, for the most part, selling much closer to their book values than in years past... in fact, only Baker-Fentress (a respectable fund) is selling at a greater than 10% discount. There are also some "Special Purpose Funds" listed in the same column, some of which trade at discounts, and some closer to book. What I *don't* understand is that some of these, especially, are selling at much *greater* than their book values... Like the Cyprus Fund (I believe it was) is selling for 415% of the value of the underlying securities. Anyone have any idea why? Also, has anyone besides me out there used these funds as investment vehicles? Also, anyone know what a "Special Purpose Fund" is? {philabs,cmcl2!rocky2}!cubsvax!peters Peter S. Shenkin Dept of Biol. Sci.; Columbia Univ.; New York, N. Y. 10027; 212-280-5517