Exact(58)
To find good deals, funds need people on the ground.
Superannuation funds need to satisfy the sole purpose test.
"Those funds need to be very concerned about donor intent".
Pension funds need such assets to balance their long-term liabilities.
Most urgent, officials overseeing troubled funds need to save more money.
Right now, it seems, hedge funds need to be watched more carefully than most.
But perhaps money market funds need to shrink for the greater good.
Hedge funds need differential rates of return to induce them to take opposing positions.
"All the funds need to listen to what the families say they need," he said.
But investors in these funds need to be willing to bear an additional cost.
Investment banks should be subject to limits on leverage; hedge funds need scrutiny; and more.
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