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Ariba, the Internet software company, has 158 fund holders.
Luxembourg makes cross-border mergers practically impossible by demanding that 100% of fund holders approve them.
In early 2009, Heriot suspended all redemptions by its fund holders.
Indeed, during the tumble in rates over the last year, bond fund holders have benefited mightily.
So why shouldn't the fund holders receive some or all of that revenue?
Late trading can dilute the returns of long-term fund holders.
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The only new thing is a promise to "provide real pension protection"—ie, not to let the likes of Enron bilk the pension-fund holders again.In some ways, the programme is less adventurous than anything Mr Clinton espoused, since it ignores his favourite themes of reforming government and boosting economic growth.
About half of GPs had become "fund-holders" before the Conservatives lost power in 1997.
Another finding from the research at York University about the 1990s was that patients of fund-holders were less satisfied with their GPs.Practice-based commissioning is reinventing GPs' historic "gatekeeper" role in a more market-based health service.
What many of these categories have in common is that those involved, whether bankers, regulators, politicians, journalists or ordinary pension fund-holders, did not see and understand enough about what was really going on.
Labour had removed one of these by abolishing the internal market in the health service introduced by the Conservatives in the 1990s, in which around half of GPs had become fund-holders with their own budgets for drugs and elective care, giving them an incentive to curb demand and a tool to bargain with powerful hospitals.
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CEO of Professional Science Editing for Scientists @ prosciediting.com