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A bonfire of officialdom should follow, with non-teaching education posts frozen and the funds deployed to pay higher salaries to able teachers.
"In defence we have less than 1% of our funds deployed, but it is the defence sector that gets most noise from the likes of Michael Moore," he said.
Both funds deployed a macro investing strategy, which can include taking bets on when and what direction a currency will go, how central banks will act or economic trends.
"Interest rates are generally so low that lenders are focused on how they can improve yields, and construction lending usually has higher yields, so it is a way to improve their return on funds deployed," said Andrew A. Lance, a partner at the law firm Gibson, Dunn & Crutcher.
More and more, funds deployed in late 2007 and early 2008 will be taken as 100% write-downs by institutions interested in purging the rotten deals from their books.
As such, the funds deployed by entrepreneurs turned philanthropists, who as entrepreneurs seek to change society, are intended to make a difference, invested in ventures of their choice over which they exercise control (Bandura, 1997).
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To put that into context, the total amount of funding deployed across all VC deals so far in 2018 is $84.3 billion — a record for the industry, but a paltry sum relative to the wealth of the Saudi Kingdom.
In the first two years, the fund deployed $2 million to 40 early stage sustainable food and agriculture enterprises, with a focus on technical assistance grants, loan guarantees, convertible notes, and place-based Shared Gifting circles.
As the report puts it: "Rather than allowing the UK to gain an even better position on the global stage by having an excess of funds to deploy, EU funds have been used to prop up and cover systemic issues with how we chose to fund research in the UK both at a governmental and corporate level".
The situation is worse for hedge funds that deployed sidepockets, the controversial separate accounts where managers placed hard-to-sell assets from their funds until the values bounce back.
It is crucial, both for the victims and for the donors who gave so generously, that these funds are deployed as quickly and effectively as possible".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com