Word: fundsã
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...requires institutional investment managers to list all holdings in exchange-traded stocks and closed-end companies if they manage over $100 million in such assets. Whereas closed-end companies sell a fixed number of shares which are then traded on exchanges, open-end companies—such as mutual funds??pool publicly-raised money and invest the funds in stocks, bonds, and other securities...
...fiscal year 2010 will likely be more challenging, he said, requiring the city “to take a hard look at programs and services.” According to Wolf, Cambridge will suffer disproportionately, since the city mainly receives additional assistance—unrestricted, general purpose funds??and lottery assistance, which are being cut, as opposed to protected Chapter 70 school assistance. Patrick is proposing several schemes to raise revenue in order to minimize the local aid cut for the coming fiscal year, including a 1 percent increase in statewide taxes on meals and hotels, which would...
...billion in NIH funding—roughly 10 percent of NIH’s $22.8 billion spent on extramural research. Harvard received $1.4 billion, or 60 percent of the state’s allocation. Casey said he believed the stimulus represented a “substantial infusion of funds?? for scientific research, and added that the money would have a “very immediate impact on good jobs and excellent science.” NIH has seen flat funding since 2003, with purchasing power decreasing by 13 percent due to inflation. As a result...
University spokesman John Longbrake was slow to acknowledge the problem that such “underwater funds?? may pose as the current financial crisis brings unprecedented losses to the University’s endowment, saying only that it was “probable that [Harvard] will see underwater [endowment] funds?? in the current fiscal climate...
...second source of funds??annual giving—is likely to decline at the same time as endowment income declines,” Grosz said...