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Exact(32)
(An example is that Dodd-Frank limited bank investment in hedge funds, even though the latter were peripheral to the crisis).
The same psychology seems to apply to fund management, where investors flock to high-cost mutual funds even though the odds are against them.
Texas signed regulations prohibiting clinics affiliated with groups that provide abortions from receiving funds, even though the clinics do not perform abortions themselves.
These 401(k) plans lack index funds even though their low expenses and breadth make them the very definition of cheap and risk-conscious.
By comparison, investors pulled a net $8 billion from domestic equity funds, even though domestic stocks are considered a core holding.
The new index, S.& P. says, will represent the entire universe of hedge funds, even though it will initially track the returns of only 40 funds.
Similar(28)
Another difficulty is funding, even though the government has secured a loan from the World Bank.
The Orthodox Church, the biggest religious institution in Romania, is getting public funding even though Romania doesn't have an official state religion.
The finance minister insisted that Greece had not yet decided to ask for the funding, even though it faces tough financing hurdles in coming weeks.
Putnam announced that it would close and liquidate the $12.3-billion Institutional Prime Money Market Fund, even though the fund owned no Lehman or A.I.G. securities and maintained its one-dollar share value.
Capital to raise for its next buyout fund, even though the Miami-based firm isn't expected to hit the road until April.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com