This can cause so many buys and sells that the costs escalate and the fund
is disrupted, to the detriment of its long-term shareholders.
While this is an extreme example, it is very common for financial aid officers to invest considerable time in managing Literally hundreds of endowed funds
and annual gifts with specific awarding restrictions.
"Obviously, with fund-raising being a major issue with high schools and colleges, they are looking for opportunities to raise funds
because it's taking more and more money to operate a program," Alan Thomas says.
provide instant name recognition and long performance records, but they are freestanding funds
not controlled or managed by the life insurer.
Though many socially conscious mutual funds
have screens for environmental issues and do shareholder activism, there are only half a dozen that make environmental issues a priority.
Davis, executive director of Washington, D.C.-based Money Management Institute, a company that represents companies that handle individual managed accounts, says some fund
managers took advantage of mutual funds
because their activities weren't seen by the rest of the investing public.
What takes the matter from sheer sloppiness to possible discouraging fraud is when the fund
ignores its policies and actively facilitates market timing, often for a quid pro quo.
On October 30, the House Financial Services Capital Markets Subcommittee held a hearing to discuss market structure issues and, more particularly, mutual fund
This endowment fund
was established by MTNA to honor Richard Chronister, who was both a leading expert and pioneer in the field of piano pedagogy.
* The FY2004 request provides $157 million for the capital investment fund
to assure that the investments made in FY2002 and FY2003 keep pace with increased demand from users for functionality and speed.
However, recent developments have brought into question the accepted principles of hedge fund
Many state health officials, dubious of abstinence education, instead used the money to fund
everything but abstinence instruction.