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JAMES CRAIG WAS A HECK OF A STOCK PICKER WHEN HE ran the Janus Fund, generating average annual returns of 19% over 14 years.
That is, the interest that you make gets re-invested into your fund, generating more interest, and so on.
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The $752 million will come from unspent portions of a fund generated through customs fees.
A nearly century-old investment fund generates some support but not nearly enough.
There is a federal fund, generated from a tax on oil, that may cover as much as $1 billion in damages.
(Total return is the combination of the income a bond fund generates and the price change in its underlying bonds).
The state's Rainy Day Fund, generated largely by oil and gas production taxes, has about $8 billion.
Interestingly, despite the fact that the average hedge fund generates positive alpha, the evidence on performance persistence is mixed.
"I'd like to see the fund generate more income to support more students and projects in the future.
Yates said the fund generated a "reasonable return" for the taxpayer, raising funds at the government rate of about 3.5% and lending under commercial terms at about 7%.
More generally, institutional investors' incentives are driven by the competitiveness of their retail funds vis-à-vis their competitors and by the profit margin each fund generates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com