51.   A potential problem with analyst-run funds is that they can be harder for investors to analyze than funds with well-known portfolio managers.

52.   A slumping dollar prompted concern among portfolio managers that overseas investors may shy away from Treasury securities.

53.   A second portfolio manager, who spoke on condition of anonymity, agreed.

54.   A successful investment portfolio manager from West Hartford, Conn., he drafted his first Small World team on the Web last season.

55.   A slowdown will cut the earnings growth rate of large companies, many portfolio managers said.

56.   A variation on the theme is asset-allocation funds, which give portfolio managers more latitude to switch their amounts of stocks and bonds.

57.   Acuff noted that stocks are coming under additional pressure from portfolio managers who are trying to protect their good returns for the year.

58.   According to David Ryan, portfolio manager for New USA Growth, many of the stocks momentum investors owned had spectacular moves in a very short period of time.

59.   Acquisitions are sweeping the money-management business as banks, insurers and brokerage firms covet the steady fees that portfolio managers earn.

60.   After all, how much can Hugh McColl fetch in exchange for a money-management firm without many portfolio managers remaining?