To be fair, mutual fund investors should be liable for capital gains only when they actually sell their mutual fund shares.
Klein, a Bronx Democrat who proposed legislation for public financing and stronger enforcement, said he gets requests from civic associations asking if he can pay for a magician or help fund a street fair.
Clinton also said he wants congressional hearings into campaign fund-raising to be fair, bipartisan and balanced.
Understanding odds and a fair payout are vital to prudent mutual fund selection.
Similarly, not every superlative return generated by such fund is proof of excellence or fair dealings.
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Assuming they can pry themselves away from their computers for a quick break this summer, hedge fund partners are planning to spend a fair amount of money enjoying the good life.
That might seem fair enough, given the scandals in which hedge-fund managers overstated returns.
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Fair market value of a profits interest in an investment fund is option value, which can be readily calculated, not zero.
However, a better-than-expected bond auction in Spain, word that Russia will resume buying EU debt, and talk of an expanded rescue fund across the pond improved the mood a fair amount.
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Fund managers figure AsiaOne is selling for 65% or so above fair market value because it is backed by the huge, cash-rich, newspaper monopoly, the SPH Group.
Nonetheless, Cloherty has seen her fair share of Russia's sometimes unique approach to capitalism since she was appointed a director of the fund by President Bill Clinton in 1994.
Cloherty, an energetic go-getter who's a former Peace Corps volunteer, has seen her fair share of Russia's sometimes unique approach to capitalism since she was appointed a director of the fund by President Bill Clinton in 1994.
And in making these calculations, Mr Malkiel plays fair: he deducts the typical running expense (one-fifth of 1%) charged by an index fund.
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