CHARLES GRADANTE AND LEE HENNESSEE: INTERVIEW ON CNBC

Macro Managers and Hedge Fund Trends

August 16, 1996 – New York, NY – Charles Gradante and Lee Hennessee, Co - Founders of Hennessee Group LLC, interview with Hillary Lane on CNBC's "Desktop" discussing hedge funds.

Noteworthy highlights from this particular interview of the pair include the pairs discussion of m acro hedge fund strategy, performance, and futures. Gradante discusses Latin America's Privatization Program and the involvement of Macro managers in that area. George Soros and Julian Robertson as said by interviewer Hillary Lane, to be involved in that area.

Gradante posits that Latina American debt is improving in credit quality which strengthens risk taking by Latin American managers. Hillary Lane asks is Michael Steinhardt's decision to close his fund was the beginning of a trend.

E, Lee Hennessee discusses the hedge fund industry and talks about the personal earning power of managers. The pair talk about Jimmy Rogers' macro trading strategy and the move by mutual fund managers like Jeffrey Vinik to hedge funds.