Word: recentered
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Hedge funds are designed to take in more and more investors' money. Then inefficiencies and performance distortions of withdrawing money for investors and profit-taking for managers are smoothed out. The recent failures in hedge funds, while rooted in the financial meltdown, have been further fueled by the lack of new investment as well as pressure from current investors to take their money and run. Regardless of a fund's investment strategy, liquidation tends to make unrealized gains smaller - and unrealized losses larger - when they are finally realized...
...assets and allow all investors to decide what to do with their cash returns. In the past, this would have meant seemingly diminished returns. With returns seemingly high, investors did not complain about the status quo. Now, given that regular liquidation would mean more transparency and diminished losses, in recent days investors' opinions would likely differ...
...Harvard women’s basketball team is checking off credentials on its non-conference list as it readies for Ivy play. Its most recent acquisition? A tough, come-from-behind win on the road. The Crimson (7-4) rallied from seven points down in the final two minutes to beat UC Santa Barbara (3-5) in a 61-59 nailbiter Dec. 17 at the Thunderdome in Santa Barbara, Calif. After the two teams traded leads for most of the second half, the Gauchos used an 8-2 run with under five minutes to play to put themselves...
...fighters have built but also to signal that Israel has once again broken its own restraints on military action in Gaza, willing to go hard against the Hamas leadership no matter where they are and no matter the consequences to security along Israel's own southwestern frontier. Already in recent days, Israeli forces struck a house of a Hamas leader while civilians were inside and bombed a mosque at Beit Lahiya believed by Israel to have been used to store weapons. With both these actions, Israel is deliberately cultivating a sense that it has changed the rules of engagement...
...most recent cease-fire agreement between the Tamil Tigers and the Sri Lankan government, brokered by Norway in 2002, was constantly broken and the government officially pulled out of it in January 2008. In the past year, the federal forces have tried to forcefully put down the Tigers, pushing into their strongholds and leading up to the January 2 capture of Kilinochchi. In a speech announcing the takeover, Sri Lankan President Mahinda Rajapaksa called on the Tamil Tigers to surrender. Hours later, a suicide bomber struck the air force headquarters in the country's capital, Colombo, killing at least...