Word: approachers
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American Funds' Taylor argues that the multiple-manager approach removes size as an issue. Money is parceled out to stock pickers--in the case of Growth Fund, to nine managers and 30 analysts--who invest their portion as they like. When more cash comes in, they add more managers. In theory, the pot never gets too big. Yet this approach has limitations. By design, the fund cannot own more than 10% of any one company. If every manager likes the same stock, one or more must relent--or all get less than they want, which undermines the idea that many...
...Francisco The Hotel des Arts, near Union Square, took a fanciful approach to its décor and commissioned local artists to paint the walls and furniture of select rooms. Spending the night in a one-of-a-kind room (with a private bath) costs...
...that holds the hands of million-dollar business entrepreneurs crazy, but Endeavor CEO and co-founder Linda Rottenberg says, "That's when you know you're on the right track." Endeavor's 236 entrepreneurs so far--from Latin America and most recently from South Africa--would agree. Endeavor's approach of "catalyzing entrepreneurship," by merging microcredit and private equity with consulting support networks, is part of a broad effort to foster entrepreneurship in the developing world. Endeavor and others hope the companies they nurture will serve as examples for others to follow. So far, Endeavor projects have generated an estimated...
...society. Unlike the Anglo-Saxons, who have a penchant for politeness, the French have no inhibitions about crudely stating their reaction to events, no matter how offensive their comments might be. Attitude is only one of the problems in France. The country needs to get rid of its outmoded approach to race, immigration and integration. GAUTHAM VENKATA-CHALAM Ottawa...
...will be accompanied on the board by Vice President-elect John M. Souther ’07 and Secretary-elect Craig R. “C.R.” Sinock II ’07, among others. The new board, Dewey said this weekend, will take a bottoms-up approach to leadership and will focus on becoming more involved in campus politics. The HRC’s budget, along with its level of activism, has increased dramatically over the last year under the presidential term of Matthew P. Downer ’07, and the new leadership is hoping...