Worst of all, the funds' reliance on leverage increases the scale of disaster when things go wrong.
The process was made still more destructive by many hedge funds' reliance on leverage — funds often make bets totalling four or five times their capital.
That may seem far-fetched because investors still find comfort in ratings (a proposal to reduce money-market funds' reliance on ratings was shelved last year after the largest funds voiced opposition).
During that hunt for funds, Reliance and Anil Ambani, the chairman of its parent, stood by a commitment to invest in the venture, even as the terms of the involvement became less favorable.
The research firm said GMAC has built-up significant gross liquidity ($22.7 billion in 2004) and has reduced its funding reliance on the unsecured institutional bond market (to 32% of U.S. funding in 2004, from 65% in 2001).
Value Line officials attribute that to the fund's reliance on larger-cap stocks, which have not performed as well as small caps.
Well, it's all about pitch and strategy, and the heavy hitters in the room worried about China's bubbly property sector, increasing regulation - and the fund's reliance on public securities.
We use data from a few recent privatization processes to show how and by what processes R&D activities are affected in terms of amount and origins of funds allocated, scope of projects funded, and reliance on outside collaborations.
"The Wounded Platoon" pictures a combination of circumstances hitting American soldiers: increasingly unstable recruits, the terror of urban guerrilla warfare, a military without enough funds, a reliance on medications that may feed post-combat drug and alcohol addictions.
Warning notes on the accounts state that the charity's lack of endowed funds and reliance on securing continuing grant income had "often put a strain on the charity's cash flow".
