The Fund is an open-ended mutual fund marketed publicly mostly to the Muslim American community.
The idea was to first convert this small, open-end fund into a closed-end.
The SuperTrust structure had share creation and redemption characteristics of an open-end fund and the trading flexibility of a stock.
Jenkyn-Jones runs an almost identical open-ended fund with the same name and 17.5 million pounds of assets on the Irish stock exchange.
You can get exposure to junk countries via an open-end fund like Fidelity New Markets or an ETF like the iShares J.
That's not as cheap as Vanguard Health Care, an equally high-flying open-end fund (up an identical 35% this year) that charges just 0.4%.
An open-ended fund issues new shares or units every time an investor puts money in, and retires them every time he takes money out.
RiverNorth launched its first open-ended fund, Core Opportunity, in 2006.
FORBES: RiverNorth Profits From Clueless Closed-End Mutual Fund Investors
When an open-end fund realizes a capital gain, that gain is "passed through" to fund shareholders, even if the security was bought 20 years ago and an investor bought into the fund only the week before.
Because hedge funds are unregulated, managers are free to sell short, use leverage, and invest in illiquid securities--activities not open to mutual-fund managers.
The latest of these is the soon-to-open hedge fund center at Paris's highly-ranked HEC Business School, sponsored by BNP Paribas.
The four iShares index funds (see table below), issued by the Global Investors unit of Barclays (nyse: BCS - news - people ), sport a rock-bottom expense ratio of 0.15 versus open-end bond fund averages of around 1.00 and the 0.20 charged by low-cost leader Vanguard.
However, I believe corporate bonds should be delivered using a traditional open-ended mutual fund because it avoids the discounts and premiums that develop in bond ETFs.
So, for example, when you mentioned we have 1% to 2% cash, we always have a little cash, because we have just as an open-ended mutual fund we have to be able to accommodate any redemptions that may hit.
The fund is closed to new investors, but Vanguard expects to soon open a new large-cap blend fund run by Primecap.
Among the participants was Zakaria Nana, a French entrepreneur who seeks to open a Sharia-compliant investment fund, similar in some ways to a college savings fund, to help Muslims save for the large expense of pilgrimages to Mecca.
But if governments were to insist that the results of research they fund must be published in an open-access way, that would change completely.
Germany will not hear of throwing cash at the problem: no more for the euro-zone rescue fund, no Eurobonds and no open pressure on the ECB to buy more bonds.
The open-access media strategy -- designed to counter massive edge in fund-raising enjoyed by the camp of McCain's chief competitor, Texas Gov. George W. Bush -- is not without potential pitfalls for McCain.
CNN: Life on the Straight Talk Express: All McCain, all of the time
The brokerage arm of Fidelity Investments, the fund giant, three years ago extended its pre-open trading from 8 a.m. to 7 a.m.
The Fund will not open its wallet before Ecuador's Congress approves a fiscal-reform bill to make sure that the oil money is not squandered.
The new "Edge" fund - short for "encouraging dynamic growth entrepreneurs" - will be open for applications from November.
The Centenary Memorials Restoration Fund is open for applications now with funding available over the course of the four-year centenary commemorations, from 2014 through to 2018.
Ken Morrison, editor of the online newsletter, Morrison on the Markets, pointed out that the rally has come with a steady level of open interest in futures and no change in the net ownership of the SPDR Gold exchange-traded fund (GLD) since Dec. 22.
FORBES: Gold Prices Expected To Fall Next Week -- Survey Participants
For Labour, and even some senior figures inside the Fund, this downward revision in Britain's economic prospects ought to re-open the argument over the government's deficit plans and the need for a "Plan B".
BBC: IMF expects less of the UK and a lot of the US and Europe
Krensavage is so sure he's right about these and other drug stocks--and that the industry is a screaming buy--that he's leaving his job as a Raymond James analyst after seven years to open his own hedge fund, Krensavage Asset Management in New York City.
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