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"At that point, if you've got a big old fund of funds, and you've got another $300 million to invest, you've got a big problem.
Russia's old fund had returns of 10.75 percent in dollar terms based on the interest rates paid by the nation's central bank, mirroring returns on American and European government bonds.
Strong introduced a new, pure utilities fund, the Strong Adviser Utility and Energy fund, in July, but unlike the old fund, which had no load, this one is sold through advisers with a sales commission.
You can't just go out and buy any old fund and expect to do well in a bear market.
As it happened, MeVC took over a space at the same address as Del Biaggio's old fund.
"They haven't incurred any additional expenses and they are bringing expenses rapidly down as they wind down the old fund," says this person.
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Outside the home recently, a billboard used for an old fund-raiser rested against the wall.
"The cap on our old fund-raising model for America One, which was based on corporate sponsorship and raising money from private donations, seems be around 30 or 40 million dollars," Cayard said.
Rick A. Lazio, still saddled with a million-dollar debt from his failed run for the United States Senate, has turned to an old fund-raising ploy: invoking the name of his rival.
In Don DeLillo's novel Cosmopolis, a 28-year-old fund manager contemplates his financial ruin.
Otherwise, the government fears a crash, since the 37-year-old fund has holdings in many of Bombay's listed companies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com