Word: spreads
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...exempted from the regulatory and disclosure requirements imposed on more common mutual funds. But hedge funds haven't just been the domain of the ultra-rich. Other pools of wealth, including university endowments and public pension funds, have put their money in so-called funds of hedge funds, which spread risk by investing in a portfolio of hedge funds and hence are considered safer. But since hedge funds are doing badly, so are funds of hedge funds, which appear to be headed for their worst year ever. On Nov. 6, shares in London-based Man Group, the world's largest...
...following the herd, in other words, there was a greater chance that they would go over a cliff together. "A bank run doesn't affect just one bank," says Andrew Lo, a finance professor at MIT who applies ideas from psychology and evolutionary biology to investment. "It can easily spread to the entire banking industry. What we're seeing now [in hedge funds] is a bank run, but a bank run gone wild. It's a bank run on steroids because the losses are so great...
...would you respond to that? “‘I chuckle as I turn my head to look at the Capitol,’” Caleb said. And he did just that. CLARIFICATIONThe Nov. 12 magazine article "Kids Who Would Be King" featured a photo spread of Caleb L. Weatherl '10 in which he is shown wearing a campaign-style button with his last name on it. That button was not real and instead was photoshopped onto a photo taken of Weatherl...
...Veterans’ Day: “From the fields and forests of war-torn Europe to the jungles of Southeast Asia, from the deserts of Iraq to the mountains of Afghanistan, brave patriots have protected our nation’s ideals, rescued millions from tyranny, and helped spread freedom around the globe.” This sentimental patriotism, while to some extent valuable, must be accompanied by an insightful, even-handed interrogation of our history...
...managed to lift in 2006. The following two years were spent painstakingly analyzing the remains found within. Pieces of jewelry, ornamental seashells, or the odd tool have been found in other Natufian graves, but the careful arrangement of the woman's body - her back rested against a wall, legs spread and bent inward from the knee - as well as the surrounding ring of tortoise shells piqued the archaeologists' interest. "This kind of assemblage is different from everything you find elsewhere," says Ofer Bar-Yosef, a Harvard anthropologist who has worked on previous Natufian excavations. "It's the sign...