A working understanding of hedge funds.
A GROWING NUMBER OF COLLEGE AND UNIVERSITY ENDOWMENT A transfer, generally as a gift, of money or property to an institution for a particular purpose. The bestowal of money as a permanent fund, the income of which is to be used for the benefit of a charity, college, or other institution. INVESTMENT
PORTFOLIOS include hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" these days. So it helps for institutional
leaders to have at least some knowledge of them. University Business
contributing writer Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. C. Logue, who wrote the November 2005 article
"Hedging Your Endowment Bets," is author of the new book Hedge
Funds for Dummies (Wiley Publishing). Besides providing general
information about the basics of hedge funds and setting up investment
strategies, the book includes some explanation of endowments and the
fiduciary fiduciary (fĭd `shēĕ'rē), in law, a person who is obliged to discharge faithfully a responsibility of trust toward another. responsibilities of endowment managers who invest in hedge
funds. Unfarallon, the Yale student and faculty group formed to protest
the institution's investment in hedge funds, also gets mention
here. For more information, visit www.dummies.com.
COPYRIGHT 2006 Professional Media Group LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion