In other words, the Iman Fund has underperformed the market for nearly 9 years.
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He's a former chairman of the NASDAQ Stock Exchange, and he was arrested Thursday after confessing that his investment fund was, to use his words, one big lie.
There were, in other words, many reasons why mutual-fund executives turned a blind eye to such practices.
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In other words, as Michael Mauboussin of the fund-management group Legg Mason remarks, the collective is smarter than the average person within the collective.
But that is just the beginning of an ambitious to-do list from the Fund, which starts from recognising, in the words of the staff report, that "incomplete economic and financial and fiscal integration is casting a shadow on the future of Economic and Monetary Union".
In other words, the largest state-operated workers comp fund in the country had massively misrepresented its performance.
In other words, the index numbers overstate the strength of hedge fund performance due to stronger results in the early years when hedge funds and the industry itself were both smaller.
In other words, it can get really expensive for a hedge fund to borrow and sell shares it does not own in anticipation it will buy the shares after they have fallen in price.
In other words, Lauer made false and fraudulent representations about his hedge fund in order to make more money from investors.
In this case that was Janus Investment Fund, the distributor of Janus mutual funds, even though the offending words were actually written by the much more profitable advisory arms of the company.
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In other words, Loeb is betting against William Ackman, the hedge fund manager who took to a New York stage in December to announce a massive short bet that he said consisted of 20 million shares against Herbalife, which he called a Pyramid scheme.
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In other words the federal government will become something akin to a combination venture capital fund and drug company.
In other words, you would have had a better chance of picking a top fund by literally throwing a dart at a dart board than picking a past top performer.
Close up, in other words, the social and political outcome of the IMF (International Monetary Fund) and EU (European Union) austerity programme, and of the implosion of mainstream politics in Greece, looks like a catastrophe for democracy.
When the next managing director of the International Monetary Fund finally takes office, he might give more than passing thought to his predecessor's parting words.
That means ensuring that the economy remains open, flexible and resilient, capable, in other words, of getting through harder times when the boom is over (a sovereign-wealth fund would help).
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