He also did not own many of the overseas funds that hurt the other portfolios.

By most accounts, though, foreign investors have generally not bailed out of the American stock market, although overseas funds did sell shares, especially on Monday.

Southeastern also complained that the overseas funds aren't offered to sweeten the buyout offer.

At the end of 1992, when overseas funds were poised to take off, none had five stars, he pointed out.

The combination of these problems and currency movements have left overseas funds among the year's worst performers.

Today's decision did not mean that the Justice Department had stopped the issue of overseas fund raising from going to an independent prosecutor.

For the first three months of 1991, the domestic funds took in $7.3 billion while the overseas funds attracted only $2.6 billion.

A growing number of overseas funds use these indexes to judge their own performances.

Mutual fund companies are looking abroad for inspiration, as these three new overseas funds show.

Like Oakmark, the overseas fund uses a value approach to stock picking.