Exact(31)
Some 20,000 contributions have come to the Fund making a total of $449,000.
But Ms. Kennedy intends to build up the fund, making it the main conduit for donations.
It also revealed a weekly rise of just 0.2% in its key AHL fund, making an annual 0.5% decline.
Those returns attracted investors who flooded into the fund, making it nearly four times as big as the next-largest, Unites States-registered global bond fund.
This recycling of funds keeps up appearances on the balance sheets of the Bank and the Fund, making bad loans look better than they really are.
A large majority of the people who invested money with Mr. Madoff did so through an intermediary agent like a feeder fund, making them ineligible for SIPC coverage.
Similar(29)
The fund makes the actual grants.
Mr. Paulson's fund made $1 billion betting against the security.
It is unclear how much the fund made.
In 2000, the fund made 150 grants, totaling $6.7 million.
Last year, the fund made nine grants, totaling $3,410,000.
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