41.   For example, a fund is not required to disclose lawsuits or even criminal charges filed against a key executive of the advisory company that manages that fund.

42.   Further adding to their advantage, index funds charge lower annual expenses of investors than do actively managed funds.

43.   Harvey, who managed five funds, works in Boston.

44.   He declined to answer further questions, including whether Morgan Grenfell would continue to manage the funds.

45.   He said he let Hamanaka manage the fund.

46.   He said disclosing the names of the persons managing investment funds should not harm any confidential investment strategies.

47.   He succeeds William Bower, who managed the fund for the past two years.

48.   He thinks he can do a better job managing the fund if the money comes in a steady trickle rather than a flood.

49.   His brother Matthew works at the firm, but Gabelli is the only child who manages a fund.

50.   However, it will also mean greater fee and commission income for managing the funds.