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Each fund has no more than 80 holdings in all.
With limited-purpose banking, each fund has its own firewall," he says.
Each fund has its own board, whose members are in effect paid by the fund's investors to watch over their interests.The funds do not manage themselves; rather, they hire external money-management companies which have their own separate sets of shareholders and loyalties.
Each fund has a blend of both…When we get a great A round opportunity, we take it.
In each fund he puts on the same trades, one long and one short, but each fund has a different weighting to the long and the short.
Each fund has a stated objective, generally focusing on a particular sector, such as corporate or Treasury bonds, or a broad category, such as investment grade or high yield.
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They dislike private equity's long, secretive, inefficient fund-raising process, and the constraints imposed by each fund having a limited lifespan.
Since then each new fund has grown slightly larger than the last.
Each Shasta fund has been larger than the one before it, and Shasta Ventures IV was no exception — the firm raised its $265 million third fund back in 2011.
A limitation is that we probably underestimated 12-months-related components due to memory bias but, more importantly, overestimated drug costs: We had to use the published price list not accounting for discount contracts between health insurances and pharmaceutical companies, as each insurance fund has separate, confidential contracts.
Each dollar in that fund has produced a return of 13 cents, Bogle says, while each dollar in the Index 500 Fund has produced $1.30.
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