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Operation of the two funds depends upon S.E.C. approval.
And comparing the dollar figures of the two funds can be misleading.
1MDB borrowed $6.5bn for these vague projects, much of which has fallen off the books between the accounts of the two funds.
Mr. Yacktman, 61, is president of Yacktman Asset Management Company, the adviser of the two funds, which also manages about $250 million for institutions and individuals.
The size of the two funds has been watched closely by analysts because the two represent different investment strategies: low-cost passive management versus higher-cost active management.
The larger of the two funds, Lipper Convertibles, was liquidated for about $365 million, 49.4percentt less than the $722 million shown on the fund's books when Mr. Strafaci resigned.
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The Delivery System Reform Incentive Payment DSRIPpoolone, ofe of the two funding pools of the waiver has four categories viz.
Instead of shunning the stocks of these companies, the two funds have watched their positions grow.
At the end of the day, the two funds' total assets amounted to $58 million, down from $120 million.
(The Bogleheads wiki has an explanation of the difference in the two funds).
Five of the six funds rose 12percentto15percentcent last year, in contrast to the 10.1percentt slide in the Standard & Poor's 500-stock index.
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