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(For these investors, he waived the hefty fees that hedge funds normally charge).
The Times speculated that he might be redirecting funds normally given to N.Y.C.B. and American Ballet Theatre.
And in recent months, a handful of funds normally available only with sales charges have begun to take orders to buy or sell shares online with little or no sales charge.
David Smith, wealth management director at the adviser Bestinvest, says: "In the good old days the stock market only seemed to go up in value and with-profits funds normally made more money than was paid in bonuses.
Early on as chief executive, Mr. Oshman took funds normally used for company Christmas parties and used them to help construct a company recreational center, consisting of swimming pools, racquetball courts, exercise rooms and other amenities to attract new employees and underline the image that Rolm was a fun place to work.
Each of his funds normally holds 20 or fewer stocks.
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Q: What does the contingency fund normally get spent on?
The fund normally holds 65percentt of its assets in stocks that are priced no higher than $35 a share at the time of investment.
The Treasury Department, in a coordinated announcement, said it would use $50 billion in the government's Exchange Stabilization Fund, a fund normally reserved to deal with currency imbalances, to insure money-market fund customers from losses.
The Treasury Department, in a coordinated announcement, said it would use $50 billion in the government's Exchange Stabilization Fund, a fund normally reserved to deal with currency imbalances, to insure money market fund customers against losses.
School funding normally isn't up for discussion, so the question would be hypothetical, but the government is embarking on a serious attempt to change the way it pays schools.
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