The Tweedy, Browne Global Value Fund, which gets a FORBES grade of D in up markets but scores an A in down markets, hedges its foreign currency exposure.
At the moment it is limited to those without any GCSEs above a D grade.
Some have more students in the C-D grade range and have therefore been affected more than others.
Meanwhile, the National Union of Teachers (NUT) says an independent review should establish how many pupils who were on course for a C grade got a D.
James Blythe, now a student at Oxford, was given a D grade for coursework in his history A-level last year - in contrast to much higher marks for other parts of the exam.
Again, with the caution that exams taken in isolation cannot be easily assessed, he says that a D grade is much too low - and he suggests that a B might be more appropriate.
Pupils who were given a D grade rather than the expected C grade could mean that difference between staying on at school or dropping out and becoming a Neet, said Kenny Fredericks, head of George Green's School in east London.
New York lawmakers, for example, gave train and subway security a "D" grade, citing unprotected tunnels and rail yards and a lack of surveillance.
He'd represented a grade-school autistic student who sued the Manhattan Beach Unified School District and the California Department of Education for failing to provide him with an appropriate education, including extra reading instruction.
The average grade across all 15 areas was a resounding D.
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If facing a choice between cheating or getting a low grade, she told them to "take the D, " says the Bedford Hills, N.
Or, on a school grading system, a "D" --- the same grade as in 2007.
Also in the speculative grade category are such members in good standing of the corporate community as D.
For one thing, I'd been fifteen since winter and still hadn't passed the eighth-grade graduation exam.
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