Word: wakes
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These new investors also demand details about who is managing their money. "What has been a wake-up call for them is that communication is very much a key part in being able to attract and retain this level of assets," says Rupert Allan, president of Tremont Capital Management, which creates and manages portfolios that invest in other hedge funds...
...intensity of interest from Washington has been another wake-up. Although individuals generally must have at least $1 million in total net worth to invest in a hedge fund, regulators and Congress are sharpening their focus on the largely unwatched vehicles as more run-of-the-mill people become involved through pensions. "Tens of millions of Americans may be unwittingly exposed," wrote the Senate Finance Committee's Charles Grassley last month in a letter to regulators. The Securities and Exchange Commission plans to raise the $1 million threshold for individual investors, and is also working on requiring hedge funds...
...born, Daniels was 3 when she became one of the first 70 children in the U.S. to test a protease inhibitor. Even in the brief span of her lifetime, Daniels has watched pediatric-AIDS treatments improve significantly. When she was an infant, her adoptive mother Maryann had to wake her up at 4 a.m. to administer the first of four daily doses. Today the blond, blue-eyed girl, who looks like any active Midwestern teenager, has to take her medications only once a day. "Most of the time, I don't even realize I have HIV," she says...
...other extreme, worrying not too much but too little. Sept. 11 and Hurricane Katrina brought calls to build impregnable walls against such tragedies ever occurring again. But despite the vows, both New Orleans and the nation's security apparatus remain dangerously leaky. "People call these crises wake-up calls," says Dr. Irwin Redlener, associate dean of the Mailman School of Public Health at Columbia University and director of the National Center for Disaster Preparedness. "But they're more like snooze alarms. We get agitated for a while, and then we don't follow through...
...week in Manhattan at the age of 56. Boyd, a Nieman Fellow at Harvard in 1980-1981, was the youngest journalist to receive the fellowship at the time. Boyd, who led Pulitzer prize winning coverage at The Times, resigned from his post as managing editor in 2003 in the wake of a plagiarism scandal surrounding Times reporter Jayson Blair. Boyd was well-equipped to handle the pressures of being black in a largely white profession, said David Lamb, one of Boyd’s Nieman classmates who is now at the Los Angeles Times. Boyd founded a newspaper for black...