The result: GE looks less like a hedge fund masquerading as an industrial company than it used to.
Kelly Hoey, an investor, and Erica Frontiero, a senior vice president at GE Capital Markets, two Pipeline Fund fellows, shared their experiences as new investors at the conference.
The commercial paper market is growing increasingly antsy and GE, not unlike a hedge fund, is stuck with some percentage of long-term assets that it is trying to fund with short-term money.
Other components of the Fund include General Electric ( GE), Danaher ( DHR) and United Technologies ( UTX).
The firm's huge, opaque financial arm, GE Capital, was used as a top-up fund in case profits in the rest of the business fell below the consistent growth promised by Mr Welch.
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The top stock in this portfolio is General Electric ( GE), accounting for more than 10% of the fund.
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Burton left General Electric (nyse: GE - news - people )'s pension fund management arm to join ING in 1995, convinced REITs would come to dominate U.S. commercial real estate.
GE's power business and a seemingly overfunded corporate-pension fund, the firm's best days now looked to be behind it.
But competition is a powerful banner to raise on Capitol Hill, and GE has waved it vigorously through five successive spending cycles in which Congress ignored policymakers to fund the program.
According to the ETF Finder at ETF Channel, GE and UNH collectively make up 5.46% of the iShares Russell Top 200 Value Index Fund ETF (IWX) which is up by about 0.8% on the day Wednesday.
According to the ETF Finder at ETF Channel, GE and PG collectively make up 8.11% of the iShares Russell Top 200 Value Index Fund ETF (IWX) which is lower by about 0.2% on the day Thursday.
She worked as a lawyer at Wall Street firm Skadden, Arps and then as a venture capitalist at GE Equity in Hong Kong, leaving in 1999 to run a small responsible-investment private equity fund, Maven International, in the city.
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