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A few weeks ago, BMJ editor Richard Smith threatened to resign if the university refused to return funding from the British American Tobacco BATT) company (ScienceNOW, 3 May --funding budgeted to build a new center for research into corporate social responsibility.
Still, the CRR estimates that to return funding levels to those of 2007 by 2010, the rate of return on market assets would have to be 52% each year.
Some House Democrats voted against the bill, saying it did not go far enough to return funding cuts to schools or support Medicaid expansion.
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Four years later, Pimco rolled out the Total Return fund.
Consider the case of the Pimco Total Return Fund.
Four percent of the Total Return fund is in municipals.
Like with-profits, absolute return funds aim to provide positive returns regardless of market conditions.
Mr. Gross is the maestro behind the biggest of all, the $263 billion Pimco Total Return fund.
But the Total Return fund was already suffering outflows because of its faltering performance.
The company's flagship Total Return Fund turned in a strong performance in 2008.
The nearest equivalent to target-date funds fall into two categories; balanced (or managed) funds and "absolute return" funds.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com