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The company also offers 16 long funds -- based on the S.& P. 500, the Dow Jones 30 industrials and other market indexes -- that let investors profit from a climbing market.
An oil market that's hanging around at $114 ½ last week and drops twenty bucks in three days and almost immediately rallies back close to ten? Driving these moves are the algorithmic traders, the commodity "renters" and the ETF hucksters with their double and triple long funds.
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If government-bond yields stay at current levels for long, fund managers may have little choice.
So long, fund-raising advantages that go with having Mr. Wheeldon's name attached to your organization.
Purdue and other pharmaceutical companies have long funded ostensibly neutral nonprofit groups that advocate for pain patients.
The T. Rowe Price Africa & Middle East fund, in contrast, is a conventional long fund, seeking out shares with promising prospects, but it invests in two regions where few other funds tread.
But industry has complained that high-profile announcements have obscured the difficulties of getting project "shovel ready" with long funding and planning delays.
Anyone who has filled out long funding application forms, struggling to come up with short-term targets and outcomes, will have felt the limits of the donor relationship.
The long fund fell 69% and the short one 19% for the year.
Although energy companies have long funded academic research programs, the scale and structure of the effort are unprecedented.
Honda Motor has long funded basic research that seems to have little or nothing to do with building cars and motorcycles (See: "Engineers Rule").
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com