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What the heck is an emerging markets fund doing buying protection against France?
Worse, the same institutions have sometimes invested in both the fund doing the buying and the one doing the selling.
Which takes us back to the first question I asked: What is a retail emerging markets fund doing buying credit default swap protection on France?
NEW YORK TIMES Finance Remains a Complex, Interconnected World | For one thing, Stephen J. Lubben writes in the In Debt column, what is an emerging markets fund doing buying protection in the form of credit default swaps against France?
Gov. John Kasich of Ohio has cut hundreds of millions from education, but when the state found itself with a $235 million surplus a few weeks ago, he announced that it would all go into a rainy-day fund, doing nothing to deal with rising classroom sizes.
So what is Acumen Fund doing differently?
Similar(50)
The fund does have some competition.
The fund did not respond to a request for comment.
Prosecutors allege the fund didn't have such investments.
Investors in just about any type of fund did well.
The fund did not replace direct giving to the university.
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