Word: funds
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...taken more than three decades to fill in the blanks on the still-not-quite-completed Dallas arts district. The curtain went up on the master plan in 1977 and nearly went right down the next year when voters rejected a bond issue to fund it. It wasn't until 1984 that the first element was completed, the Dallas Museum of Art, designed by Edward Larrabee Barnes. Five more years went by before the debut of the Meyerson Symphony Center, a sweeping exercise in creamy culture-luxe by I.M. Pei. Then a long pause until the vaulted chambers of Renzo...
...That's not to say that illegal insider trading is necessarily rampant among hedge funds. Considering that the typical fund was down by double digits in 2008 - a year in which hundreds went belly up - there's reason to believe that cheating (or at least competent cheating) isn't standard operating procedure...
...successfully prosecute a person who receives insider information and then trades on it (such as a hedge-fund manager), the government must show that the person knew the information came from a breach of duty. In the case of Rajaratnam's alleged Google stock tip, he didn't talk to the source of the information directly but rather to a middleman informant. That middleman purportedly told Rajaratnam who the tipster was - thus revealing the breach of duty. For that particular charge, that communication is key. (See pictures of crime in Middle America...
College Dean Evelynn M. Hammonds sent 300 freshman an e-mail Thursday—a few days before Sunday’s sudden snowfall—informing them of their eligibility for the annual coat fund, which allows students to purchase or be reimbursed for $100 worth of winter gear...
...recent underperformance. According to HMC’s policies, which emphasize sustained, long-term growth, internal investment managers are awarded bonuses if they grow the value of the endowment above benchmarks set by the HMC Board, but those bonuses can be retracted in later years if the fund underperforms benchmarks...