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Date: November 21 2004 5:20am
Subject: =?iso-8859-1?Q?Update_by_"Lel_Bruce_Peto"_on_fund_investment_in_utility_sector=2E=2E=2E?=
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Update by "Lel Bruce Peto" on fund investment in utility sector...

Hedge funds' equity investment in the US power sector rose by $2.6-bil
in the twelve months to June 30, including a $2.1-bil (48.3%) hike in
utility company investment to about $6.6-bil in the same period. But
due to rising share prices, that still amounts to about 3% of the total
investment by funds, about the same level as six months ago.