The Labour leader used his next questions to ask about the Business Growth Fund - which Mr Miliband claimed had only helped two business to date - and a report that suggested directors' pay rose by 50% over the last year.
The mutual fund business has two components: managing fund assets and distributing (or selling) funds.
No wonder that the business of fund management is so much less alluring these days than it once was.
And it sets up a new Small Business Lending Fund that will support Main Street banks that lend to Main Street businesses.
In 1999, the government launched a small-business innovation fund, for instance, but its bureaucratic DNA tells it to place only safe bets.
Baby boomers own half of the businesses in the U.S. and many use the sale of a business to fund their retirement, according to the researchers.
The trustees are now considering the business and fund-raising plan and are due to give their views to the Charity Commission "relatively soon", a commission spokeswoman said.
It has created a charitable arm, the Business Recovery Fund, which raises money to help stabilize local businesses, fund building and retraining, and build a medical school.
To foster more credit, the package would create the small business lending fund I proposed in my State of the Union address to help underwrite loans through community banks.
Additionally, among other programs, the Act will create the Small Business Lending Fund to provide additional capital to small, community banks so they can boost their lending to small businesses locally.
To spur lending to small businesses, the government established the Small Business Lending Fund as part of TARP. which was designed to raise capital for small banks so they could loan out this money to small businesses.
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Bianco is also chairman of Weston Capital Management, a hedge fund business based in West Palm Beach Fla. that Fund.com acquired last March.
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Lest there be any doubt that the hedge fund business is becoming crowded, get this: Billionaire investor Sid Bass is expanding his hedge fund operation by going after the do-good crowd.
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Legitimate questions can and should be asked about how an underwriting business is best integrated within a larger alternative fund management business.
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In June, Richard Baker, chairman of a congressional sub-committee on capital markets, insurance and government-sponsored enterprises, introduced legislation that would require investors to be given more information about mutual-fund fees and other features of the business, such as fund managers' pay.
Morgan Stanley's real-estate fund business, known as MSREF, could use a few blockbuster deals.
Based on its recent form, Merrill's fund business seems to have been a gem.
Unlike the mutual fund business, this one has plenty of competing outsourcers, and profits are slimmer.
Nomura would, according to other charts, also win a large slice of Asia's hedge fund business.
The mutual fund business has never met an investment trend to which it wasn't willing to pander.
He is the puppet-master, the gatekeeper that anyone who wants to do business with the fund must pass.
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It's unclear why Credit Suisse Strategic Partners, the secondary fund business of the bank, pursued the Reijtenbagh venture.
State Street's SPDR Gold Shares, which surfaced in 2005, got the lion's share of the U.S. bullion fund business.
Six years after it opened for business the PowerShares fund is looking smart.
Much credit for the success of the fund business goes to Michael J.
Vikram Pandit took over in 2007 after Citi bought his hedge-fund business, Old Lane Partners, which it quickly closed.
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Another leg would be strengthened by merging Dresdner's fund business with that of its biggest shareholder, the German insurance giant, Allianz.
"We want to democratize the hedge-fund business, " Thierry Gosset, the administrative director for financial services of the world's second-largest retailer, told Bloomberg News.
Although there is a stronger institutional feel to the hedge-fund business today, that is not to say the cult of personality has disappeared.
"This is a groundbreaking new way to fund business growth and a first for any council in the UK, " said Councillor Michael Green.
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