The market is in its traditional favorable season of November to May when extra chunks of money flow in automatically, particularly in December and January, from year-end fund distributions, year-end corporate contributions to profit-sharing, pension, IRA, 401K plans, and so on.
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The Yacktman Fund this year is up only 9.3%, and Yacktman Focused has gained 8.6%.
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Lipper ranked it the top commodity fund last year with an 8.5% return, after 1.9% in fees.
Additionally, the network pays a franchise fee to the general fund every year.
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He has doubled the fund's exposure to China and Hong Kong to about 10% since taking over the fund this year.
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And Bangladesh established a trust fund a year ago with a mix of public and private partners to experiment with technologies to combat climate change.
Falcone only started the fund last year to take advantage of companies already in default, under bankruptcy protection or appear on their way down that path.
The inflows more than offset the net cash that investors had yanked from the fund last year as Mr. Gross was stung by ill-timed wagers on Treasury bonds.
The activist hedge fund last year revealed that it was a major shareholder (eventually taking a 9.6% stake) and immediately began to cajole BMC to consider alternatives, including selling itself.
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Among other recent accomplishments, we received a grant from the Social Innovation Fund this year that will propel our work in housing, where we are promoting shared equity forms of homeownership for low-income families.
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He demonstrated his willingness to accept spending cuts that were not ideal from his perspective, but were necessary in order to achieve the agreement that he reached with Republicans to fully fund fiscal year 2011.
The company has also been a strong source for cash flows for BP after it had to establish a multi-billion dollar fund last year to cope with the potential liabilities arising from its Gulf of Mexico disaster.
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He says the relatively high costs of hedge funds versus mutual funds--hedge fund managers typically charge a 1% to 2% fee plus 20% or more of any profits for the fund each year--don't make them the best option for most individual investors.
By 1972 the firm's New Horizons Fund of small-company stocks had the best 10-year record of any fund and its Growth Stock Fund the best 20-year record.
But Mr Einhorn has also been bearish on the yen since 2010, a position that started to work in the fourth quarter last year and has been one of the most successful hedge fund trades this year.
The firm's flagship Oculus fund closed the year up 18% net of fees, with the slightly smaller Composite International fund finishing just behind it at 15.6%.
By contrast, analysts expect DST to win a good chunk of the 15 million mutual fund shareholder accounts it will bid on this year as fund companies look to cut costs in the back office.
Excluding the Blackstone fund, last year would have had the smallest amount raised since 2003.
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Pimco was wrong, and its flagship Total Return Fund ended the year with a 4.2% return.
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And improvements to the tower blocks are paid for out of a special ten-year fund.
Both the Democratic and Republican governors' associations have for the first time adopted a four-year fund-raising cycle.
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States expect their general fund revenues this year to surpass the amounts collected before the Great Recession kicked in.
Fund officials last year told the AP that they notified all eligible dependents, but the auditor found that was not true.
David Tepper, founder of Appaloosa Management, returned 30% for 2012, making him one of the top-performing hedge fund managers last year.
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It has become necessary now to redeem some of those trust-fund bonds every year to make up for an annual payroll-tax deficit.
Another is the sternness of the IMF, which says it cannot release next month's tranche of money before it knows that the euro zone will fully fund Greece next year.
Among the bets the Pure Alpha fund placed last year were long positions in Treasury bonds, the Japanese yen, and gold, and short positions in the euro and European sovereign debt.
According to the latest Dalbar study, the average stock mutual fund earned a little over 9% a year over the last 20 years while the average stock fund investor earned less than 4% a year over that same time period.
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