Barron's this week says that the rumors of the demise of Andor Capital are flying around in full force this week as Andor's Investor Meeting was in NY yesterday. Last June, Andor was ranked as the 2nd largest hedge-fund around with $9.6 Billion in assets. At year end of 2003, Andor had $8.2 Billion and by the end of the first quarter of 2004 was down to $6.7 Billion. Last year, various Andor Funds were down anywhere between 15-22% while the Nasdaq racked up roughly a 50% gain on the year. Thru April of this year, the Barron's article states that sources close to the fund say that Andor Tech Fund is -6.3%, Andor Tech Perennial -6.8%, Andor Tech Aggressive -9.3%, and Andor Small Cap -6.4%, with only the Diversified Growth +3.4% and Healthcare +15.5% During this same period the Nasdaq lost 4.2% and the Merrill Lynch Technology Index was down 6.7% Rumors are circulating that the Fund may just close down, since it is so far away from the "high-water" mark that is required to make investors "whole" again. As a result, retaining key employees and managers will be difficult given the distance away from such a high water mark. Anyone happen to know what was said at the investor meeting in NY yesterday?