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Funding was provided from research funds at Umeå University and Australian National University.
Net funds at 31 December were £8.2m.
Most cannot access any funds at all.
But many had no funds at all.
"We are investigating all of the funds at that place".
Among the funds at fault were Invesco Perpetual Income, High Income and Managed Income funds, at the time all run by star manager Neil Woodford.
The median net IRR for 2007 funds at European firms is -10.4%.
Many people tend to jump in and out of funds at precisely the wrong moments.
The totalitarian state, with unlimited funds at its disposal, turned out to be a good patron.
In the past 20 years, firms have been closing such funds, at least to new workers.
Some are loath to sell their positions in Mr. Paulson's funds at their low point.
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