And so the Investment Bank could then sell shares.

And what's special about an open ended mutual fund is that the close, or end of every day, either new shares can be removed from the fund, or be created before the fund.

Investment

The investment bank at least starting off with all of the shares of the Special Purpose Entity.

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

Shares

Investment income.

Hedge Fund 1.

Pete's mutual fund.

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Her shares!

So far we looked at open end mutual fund that can kind of grow and shrink depending on how many investors want to invest in that fund and they can grow by creating new shares and selling those shares to general public and they can shrink because someone who wants their money back goes to the fund and said

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

I had a 1 million investment, one time investment.

This isn't investment.

It's an investment.

Investment in what?

I want investment.

These are one million shares total, or shares outstanding.

He shares it unconditionally and he shares it regardless.

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Or think of investment.

Credit card, investment account?

isn't an unwise investment.

Emotional investment in patients.

He can't create any more shares or cancel any more shares

These shares, the shares of the old company are worth zero.

Singapore's Central Fund provides pensions.

He's good at fund raising.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

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He shares a room.

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They have 10 shares.