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THESE ruminations on investing, filling the first third of the book, are a succinct primer -- at least for the novice investor and certainly for those fund holders groaning under the yoke of high management fees.
But they are nervous about paying the fees that hedge-fund managers like to charge, and about the risks those managers take.That creates a great opportunity for those fund managers who can bridge the gap by creating vehicles that might be described as hedge funds "lite".
The question needs be asked, what is Washington doing about this ongoing incitement, or has it continued be lulled into silence by the millions of Saudi contributions to myriad Beltway think tanks and their lobbying influence, or for those fund strapped 'American Presidential Libraries' who have been the recipients of millions of Saudi largesse?
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For those funds that don't, there are warning signs.
The Housing Authority has begun to apply for those funds.
But the government will be a fierce competitor for those funds.
"There's a large need for those funds," said Brian Shiplett, Idaho's chief of fire management.
Mr. Steffens, who also helped establish private investment funds for Merrill Lynch employees, will continue as a director for those funds.
An independent arbiter for those funded by the IFC, the Compliance Advisor Ombudsman (CAO), agreed.
Council members could take in as much as $80,000 for those funds; the legislation reduces that to $40,000.
The city didn't complete a comprehensive proposal that satisfied federal requirements for those funds until mid-2007.
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CEO of Professional Science Editing for Scientists @ prosciediting.com