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While the New York fund accounted for a only a small portion of Quadrangle's investments, the prestige associated with it helped the firm lure other big investors.
While the New York pension fund accounted for just 5percentt of the money in one of Quadrangle's funds, the state's prestige helped Mr. Rattner attract other big investors.
A generous pension scheme meant that by 1994-95 the pension fund accounted for 60% of Zeiss's balance sheet, while the company's own capital in essence, accumulated profits was only a few percent.
In the first quarter of 2012 Jains emerging market fund accounted for one-third of the open-end mutual fund sales for Virtus.
Similar(53)
Fund accounting essentially groups financial data together into funds or accounts that share a similar purpose.
Also, are there specific trust fund accounts that we would be legally obliged to open?
The fund accounts for about one-quarter of the international financing to fight AIDS, and even larger proportions of funding to fight tuberculosis and malaria.
The second source is interest earned by the Social Security trust fund, accounting for about 15percentt of total revenue.
This includes funds, which should be kept in separate trust fund accounts.[6].
Such funds accounted for 10percentt of the net sales of the fund industry in 1999.
Indeed, hedge funds accounted for some of the turmoil on Friday.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com