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Both the President's Emergency Plan for AIDS Relief and the fund spend billions, but in different ways.
He has said repeatedly that he wants to reduce the time and money that international financial institutions, led by the International Monetary Fund, spend on firefighting.
In choosing stocks, Mr. Baron estimates that he and the 14 analysts who work with him on the fund spend about 25percentt of their time traveling, to research potential purchases.
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The benefits fund spends about $100 million a year on prescription drugs.
Soon after, an Elliott fund spent $2.3m on the debt of Congo-Brazzaville.
In support of that campaign, the fund spent over $300,000 in lobbying fees, filings show.
The fund spent $20 billion between 1950 and 1980, but it did not industrialize southern Italy.
Last year, the fund spent about $8 billion to support rural phones and subsidize phones in poor neighborhoods, schools and libraries.
Temasek, the Singapore government's sovereign wealth fund, spent $5.9 billion to buy stakes in Merrill Lynch that totaled 14percentt.
Mr. Rose likes to say that over a decade the fund spends $25,000 on each participant, which consultants say is relatively high.
The retirement fund spent several months assessing the potential investment in Bridgewater, building off its long history as an investor in the firm's funds.
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