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

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

That's me, so I get one share, and in exchange I gave 100 to the fund.

So let's say the sovereign wealth fund, they're going to buy 2 billion shares at 1.50 per share.

Hedge Fund 1.

Pete's mutual fund.

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

I would just share is that by design this class is not taught, right.

The advantage is this fund manager doesn't have to keep cash around in case the share holders want to redeem

But it's managed by Pete Inc. and we called it an open ended fund because at any time one of the people who owned a share or unit in the fund can redeem it back from the fund that Pete or the management company would say

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 Dan's going to share a little with you how this has affected his algebra class.

Share and share alike.

We share written things, we share images, we share audio, we share video.

IMF stands for International Monetary Fund.

So now the fund has 500.

It could be a hedge fund.

And this is Pension Fund B.

It's someplace in between our old book value and the price that the company paid, or the sovereign wealth fund paid, 1.50 per share.

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.

So it's like 3rd class, 2nd class, 1st class.

Share

Share

Share

Share

He donated 10000 to the refugee fund.

He donated 10,000 to the refugee fund.

New School's Venture Fund in Silicon Valley,

Global Fund for Women in San Francisco.

A will pay Pension Fund 1 10 .

life saving programs like the Global Fund.

Naturally, nobody wanted to fund my research.

Why is Intel willing to fund that?

With no money to fund my studies,

If this is an open ended fund, what is a closed ended fund or do they even exist?

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

Class

class

Class