Mr. Huang's testimony certainly exposed some of the dark side of fund-raising.
We manage the 60% equity portion of the Hennessy Equity and Income Fund, and the folks from Financial Counselors manage the 40% in the fixed-income side of the fund.
The consensus among the directors was that Ms. Lagarde's transgressions occurred when she was not at the fund — in contrast to those of her predecessor, Dominique Strandsincen — and since taking charge in 2011, she had proved to be a leader capable of presenting a softer side of the fund while fighting hard to bolster its legitimacy in the aftermath of the financial crisis.
So, too, are many of those boys and girls on the other side of the fund-raising fence.
"When it comes to the business side of mutual funds, distribution is paramount," he said in an interview last week from his Denver office.
WALL STREET JOURNAL Pensioners on the Side of Hedge Funds Against Argentina | Several holdouts from a debt swap who are pensioners traveled to New York, a month before an appeals court is to make an important decision on a legal case that has pitted the hedge fund manager Paul E. Singer against the government of Argentina.
We approached nearly 5000 households, randomly divided into four experimental treatments, to shed light on key issues on the demand side of charitable fund-raising.
Silicon Valley's leaders talk about the idyllic utopia that rests just on the other side of this funding round or new product release, and yet, when we look around our society at the number of challenges we face, the action seems completely absent.
Educational programmes aimed at resource-poor settings funded by donors often leave the side benefit of funding for the country providing the education, which may well be used to provide capacity development there as well.
That includes what Vice Admiral Dennis McGinn describes as "nations that wish us harm... put[ting] us in the untenable position of funding both sides of the conflict and directly undermin[ing] our fight against terror".
At the same time, some central banks have adopted (via quantitative easing) a policy of creating money to boost markets that also has the convenient side-effect of funding budget deficits.
