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For years, Janus Capital Group, through the Janus funds, worked with at least 10 hedge funds to "market time" — letting them trade rapidly in and out of Janus funds to benefit from delays in updates of asset prices and enjoy guaranteed profits.
Such an example can be found when implementing a global voltage analysis algorithm (load flow (Morton 2003)) which runs over a group of assets, and updates the assets' voltage at each timestep.
Its largest fund, according to its updated registration filed with the Securities and Exchange Commission in March, was the Genie II Unit Trust, which had $380 million of assets under management.
Loads of assets.
A percentage of assets?
It has a lot of assets".
You provide the right mix of assets.
Fees: usually 2% of assets.
Assets is the book value of assets (item 6).
Expenses run 1.24% of assets annually.
Annual expenses are 0.92% of assets.
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