A class of mutual funds that trade throughout the day like stocks, "Better than Mutual Funds" is how we described them in one headline.
To a newly important class of fund managers, the temptation of easy money can be overwhelming.
The groundwork for his national network, and his presidential run, was partly laid in 1998 when Mr. Bush's friend and confidante, James B. Francis Jr., hit upon an idea: Create a class of high-dollar fund-raiser who would receive special recognition from the campaign.
The country is also working to create a class of serious institutional investors -- mutual funds and pension funds, for example -- that would give the now volatile markets depth and a longer-term perspective.
The majority of the client base for second lien loans has been hedge funds, a class of investors notorious for their rapid entries and exits from asset classes and their potential to wreak havoc on financial markets.
The obvious answer is to build a class of institutional investors, starting with pension funds, and to encourage mutual funds and private portfolio investors.
A class of moneymen who once only managed funds for buccaneering, rich families now count the world's largest public pension funds and endowments as clients.Have hedge funds succeeded because of their investment genius, or their crafty marketing?
Their recent penchant for spiders and webs, however, demands explanation not least because big names in the investment industry now plan to peddle such creatures to Europeans as well.These exotic-sounding products belong to a class of investments known as "exchange-traded funds" (ETFs)— or simply "i-shares", since they give investors immediate access to a stockmarket index.
