31.   Scottish fund managers have always claimed there is an advantage in not being in London -- perhaps it is also true of other sectors.

32.   Day-to-day running of the trust is carried out by specialist fund managers, often by merchant banks.

33.   Fund managers are increasingly developing portfolios that track world indices.

34.   With portfolio insurance the objective of the institutional investor or fund manager is to maintain the value of a portfolio.

35.   A fund manager could carry out all of the above deals without a computer programme needed, although it would be much slower.

36.   Almost any active fund manager would give his or her eyeteeth for a long-term record like ours.

37.   All week, fund managers talked about nothing else except the avalanche of new money.

38.   Along with myself, a number of fund managers here have recently bought houses and need stuff to go in them.

39.   Allowing a no-tobacco rule does put fund managers on a slippery slope.

40.   Although no one tracks international cash flows accurately, some telltale signs point to the proclivities of calendar-conscious fund managers.