From 1992 through the end of last year, the Quantum fund returned more than 400 percent.

From all we know, it's worked out well for him and the investors in his Quantum funds.

Returns for the Quantum fund have been relatively strong despite the turnover at the firm.

The Quantum Fund was one of the first truly international funds.

His Quantum fund gained 69 percent in 1992.

Industry insiders said the second-highest bid, $164 million, came from the Quantum Fund.

He has made a huge fortune doing so, running up the value of the Quantum Fund from $6.2 million in 1969 to $1.6 billion in 1986.

It was also around this time that the Quantum Fund, the hedge fund he managed, had its greatest period of growth.

The spokesman said that the Quantum funds had been performing well otherwise, and that their value was down only 2.7 percent since Jan. 1.

The $870 million was placed without the customer's knowledge in the account of the Quantum Fund, then sold to Salomon.