They say funds already have the authority to use such a system, since the S.E.C. allows funds to use what is known as "fair value pricing," in effect, determining the value of their holdings on a basis other than a stock's closing trades.
Using such demand "as a fund-raising tool totally makes sense in this environment," said Richard J. Krasney, a wealth manager and philanthropy adviser.
Some investment professionals say the high volatility contributes to their skepticism that using such funds to fine-tune a portfolio will work as well in practice as in theory.
When a country raises tax revenues to pay for institutions like schools, we are trusting that the government is using such funds judiciously and in a way that fosters the development of the country.
Mr. Lazio's campaign does not have any soft-money accounts, though independent groups using such funds have sponsored advertising featuring him.
If the fund calculates its NAV using such stale prices, as most funds do, the result can be seriously inaccurate fund prices and an open invitation to arbitrage.
A 2004 fact sheet from the House Ways and Means Committee explains how terrorists use such crimes to fund their operations.
China, which will be the first to use such funds to recycle a structural surplus, may well do the same.
Similarly, the city of San Diego has used such funds to buy a facial recognition system and DHS grants have been used to install local video surveillance systems statewide.
If the fund calculates its NAV using such stale prices, as many do, the result is an invitation to short-term traders, who buy or sell based on what's happened since the foreign market closed.
