Pete's mutual fund.

Liquidate all of it. Foreign holdings, domestic holdings.

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

A buy side analyst is someone who works for a hedge fund or works for Fidelity at a mutual fund.

You don't want to pick the wrong mutual fund, or the wrong salad dressing.

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.

So people who want to manage your wealth, stock brokers, mutual fund companies, anyone who can advertise.

How's the view from lsi holdings?

Maybe by law, maybe he's a pension fund or he's some type of a mutual fund, that's forced to invest in something of a certain grade.

Those can only take funds from certain types of sophisticated investors. and what happens in Pete's fund, and this is going to be an open ended mutual fund that we're showing here, and most mutual funds are like that.

It's from his divested real estate holdings.

Riverdale Mutual.

Obviously mutual fund managers will they tend to be long only, so they only want things to go up.

In the last video we had Pete starting an open ended mutual fund that was managed by Pete Inc.

Mutual Funds normally have nice grand names maybe they called this the Saturn Fund and if there is a Saturn Fund out there, I just picked that name at random

People think that I have 300,000 of holdings.

The feeling's mutual.

With trade, there's mutual interdependency and mutual gain between parties.

So it is a mutual fund, he has jumped through all the hoops that the SEC sets up for him, so he can market himself as some type of great fund manager,

A company account in the name of NS Holdings.

Hedge Fund 1.

But since he registered with the SEC, he can call himself a mutual fund, and he can solicit funds from the public.

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

They have mutual respect.

Mutual understanding promotes peace.

The surprise was mutual.

The feeling is mutual.

Okay. Is that mutual?

Riverdale Mutual. The Bronx.

But such efforts depend on a spirit of mutual interest and mutual respect.

Our mutual understanding is indispensable.

Friendship consists of mutual understanding.

Mutual understanding makes for peace.

like that brokers, mutual funds.

It was a mutual decision.

Incompatible species, massive mutual rejection.

Well, the feeling's not mutual.

And faced our mutual demons.

The Board of Trustees voted to divest the organization's overseas holdings.

But the reality is I still only have 105,000 of holdings.

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.