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But the Qatar Foundation is a sovereign wealth fund of a very different kind.
The New York Post reported that Mr Silver regularly sent a $100 cheque to the campaign fund of a former district attorney.
"A mutual fund of a bank is only going to make the investment if they think it's a good investment," he said.
Vesco first fled to the Bahamas in 1971 to evade an investigation into whether he had bilked a large mutual fund of a quarter of a billion dollars.
Earlier top climate negotiator Su Wei lambasted rich nations for offering an immediate fund of a mere $10bn a year for developing nations to deal with climate change.
It's a Fresh Air Fund of a restaurant, inducing in New Yorkers the comfort and boredom they would feel in Scottsdale or Charlotte.
Similar(43)
Instead, she helped manage a fund of funds, an industry term for a pool of assets that would be invested in a range of hedge funds.
Those costs turned the net return of a fund-of-funds investor into a loss of 2.3% in the first half.
One of the newest twists in using multimanagers is a "hedge fund of funds," a single fund made up of two or more hedge funds.
In terms of LPs, 90percentt of the fund comes from two fund of funds, a foundation and a university endowment.
The Oppenheimer fund at the center of the case was a so-called fund of funds — a private equity fund that invested in other private equity vehicles.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com