[at-l] Appalachian Trail hedge fund

[datto at charter.net (Datto)]

Wow, talk about the ups and downs of the Appalachian 
Trail...from Marketwatch this morning...

Gary Pilgrim bet against fund he managed: Newsweek By Mike 
Maynard

WASHINGTON (CBS.MW) -- Mutual-fund manager Gary Pilgrim 
profited to the tune of $3.9 million by essentially 
betting that the value of his PBHG Growth Fund (PBHGX: 
news, chart, profile) would go down, according to Newsweek 
magazine. Pilgrim reportedly invested in a hedge fund 
called Appalachian Trail, which regulators say bought and 
sold PBHG Growth a total of 240 times between March 2000 
and November 2001, with the hedge fund profiting whenever 
the value of the fund's stock portfolio fell.

Datto