Dr. Rama Rao



Financial Physics

financial physics

Read this in-depth Study of the
Hedge Fund Industry

Hedge fund book


Praise for the book

"A provocative study that makes one think about the future structure of the hedge fund industry. A timely study released as major deals are coming to light."

Lois Peltz, Managing Editor-MAR/HEDGE

"Exceptionally solid work, clear reasoning and well documented. Conclusions are both logical and insightful."

Hunt Taylor, Executive Director- Tass Management, Inc.

"This report addresses the rising tide of wealth in the U.S. and the bright future for alternative asset managers going into the next century. It also suggests we may begin to see a consolidation among alternative asset managers similar to what has been occurring in the traditional asset management industry over the last decade."

H. Bruce McEver, President-Berkshire Capital Corp.

"I read the report with admiration and recognition. It presents a very credible vision of the future of the hedge fund industry."

Arthur J. Samberg, Chairman & CEO- Dawson-Samberg Capital Management, Inc.

"This is a wonderful report on the hedge fund industry and the evolution concept is well articulated. We believe one day it will be considered imprudent not to hedge. Interestingly, Harvard, Yale, Stanford and Duke Universities already subscribe to that philosophy."

E. Lee Hennessee-Hennessee Hedge Fund Advisory Group

"This report puts a unique perspective on the hedge fund industry, and shares insight that was not previously available anywhere."

Peter W. Testaverde Jr., Partner Financial Services Group- Goldstein Golub Kessler & Co.


June 23, 1995

Dr. Rama Rao
Excel Technology Inc.
45 Adams Avenue
Hauppauge, NY 11788

Dear Dr. Rao,

Your company has been nominated for the National Technology Fast 500, a new program to identify and convene the country's most dynamic technology companies. We have received nominations to date on over 2,000 nominees, and as the deadline approaches it appears that Excel Technology Inc. will rank in the top 25. We know the vision, persistence, and hard work that have gone into such an accomplishment. You, your employees, and your investors should be very proud. Congratulations!

Enclosed is more information about the Fast 500 program and the data we have received on your company. Revenue growth from 1990 to 1994 is used to rank the Fast 500. Some nominators estimated or rounded these numbers and we want to be sure to use the correct figures in computing your standing. Would you please fax back any corrections?

The Fast 500 will be published in the September issue of Technology Transfer Business and will be publicized nationwide. You will be invited to participate in the first National Technology Fast 500 CEO Summit, which will be held next spring in Washington. Top policy makers, industry leaders, and management speakers have expressed strong interest in being part of this historic event. It should be quite a program!

Again, congratulations on your record over the last five years. We look forward to talking with you.

Doug King John Sanders Mark Evans
President Publisher Nat. Technology Partner
ATBC Technology Transfer Deloitte & Touche, LLP

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