Teaching stints followed, before the International Monetary Fund chose him as its chief economist in 2001.
All things being equal, Ms. Hogan says, the fund chooses companies that dominate their industry.
The fund chose Africa because "land values are very, very inexpensive, compared to other agriculture-based economies," she said.
The S.E.C. complaint said that Mr. Steffelin was seeking employment with Magnetar when he let the hedge fund choose the assets in the portfolio.
"If a child's relative, a parent's generous employer or a scholarship fund chooses to invest money in an existing 529 account, the state should not discourage the investment choice," the governor said in a statement.
Managers of the Rydex fund choose from among roughly 60 stocks in Rydex's informal leisure index.
As a result, investors have little control as to if or when the fund chooses to liquidate its holdings.
Chris Retzler, portfolio manager of the Needham Small Cap Growth Fund, chose STEC to outperform the S&P in 2011.
You should own a bond fund chosen from our Best Buy bond rankings (p. 163); get a muni fund if you are in a high tax bracket and not investing through a tax-deferred account.
This fund chooses companies with specific practices on environmental and social aspects, which have been previously identified in the investment fund policy.
