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hedge fund

(Encyclopedia) hedge fund, in finance, a largely unregulated investment device with a relatively small number of investors that aims to outperform the markets. Originating in the 1950s, the funds “…

Merton, Robert Carhart

(Encyclopedia) Merton, Robert Carhart, 1944–, American economist, b. New York City, Ph.D. Massachusetts Institute of Technology, 1970. He has taught at MIT (1970–88, 2010–) and Harvard (1988–2010).…

Scholes, Myron Samuel

(Encyclopedia) Scholes, Myron Samuel, 1941–, Canadian-American economist, b. Timmins, Ont., Ph.D. Univ. of Chicago, 1969. He was a professor at the Univ. of Chicago (1968–83) and at Stanford (…

hedging

(Encyclopedia) hedging, in commerce, method by which traders use two counterbalancing investment strategies so as to minimize any losses caused by price fluctuations. It is generally used by traders…

Rishi Sunak

Rishi Sunak is the former Chancellor of the Exchequer who became the UK's prime minister on October 25, 2022. Rishi Sunak was born in Southampton, the port city on England's south coast, in 1980.…

December 2008 Current Events

Here are the key news events of the month organized into three categories: World News, U.S. News, and Business, Society, and Science News. World | Nation | Business/Science/Society India Says…

Booker Prize

(Encyclopedia) Booker Prize, an award of £50,000 (originally £5,000) for the best novel of the year published in English in Great Britain; prior to 2014, it was only given to a British, Irish, or…

George Soros

George Soros uses the wealth he amassed as a financier to support liberal U.S. political candidates and pro-democracy movements worldwide. As a teenage Hungarian immigrant at the London School of…

Chelsea Clinton

Chelsea Clinton is the daughter of former U.S. president Bill Clinton and former Secretary of State and former First Lady Hillary Clinton. Chelsea Clinton was 12 when Bill Clinton was elected…