It's quite difficult to fund a private school education and feed his army of children.

Hedge Fund 1.

Pete's mutual fund.

Then you could have another pension fund, Pension Fund 2.

He donated 10000 to the refugee fund.

He donated 10,000 to the refugee fund.

Naturally, nobody wanted to fund my research.

Why is Intel willing to fund that?

With no money to fund my studies,

Difficult to see.

Difficult to say.

The fund was set up to help orphans.

Next, raising the money to fund the procedure.

And to give you an idea of the last fund that Kleiner raised was a 400 million fund, so this for us is a very substantial fund.

Difficult, very difficult.

So you broadcast it out to every hedge fund and private equity fund and every bank out there.

He's good at fund raising.

Singapore's Central Fund provides pensions.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

In the previous example, I had Pension Fund 1, that was my pension fund.

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

They started a drive to raise a charity fund.

They set up a fund to support the victims.

He went abroad to raise fund for the project.

People used to say when they'd come fund us,

Very difficult to film.

It's difficult to say.

Rather difficult to say.

It's difficult to explain to people now that it was difficult then.

So when you have this regular open end mutual fund, any individual investors can come to the fund and say

But what a common hedge fund technique was, to take advantage of this virtual cycle, to make the hedge fund founders very wealthy.

IMF stands for International Monetary Fund.

So now the fund has 500.

It could be a hedge fund.

And this is Pension Fund B.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

A fund was set up to preserve endangered marine life.

The majority going to something we call the Legacy Fund.

200 basis points goes from Pension Fund 2 to B.

Difficult

Difficult.

Difficult