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

And we covered that a couple of videos ago.

Was it foreign company?

Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

All kinds of funds and brokerages.

Let's continue with the story of

So what happens?

And so, it was really those lessons that made me decide to build Acumen Fund about six years ago.

Zolitnikoff, no record. Matthewson, no jurisdiction.

No one wants to jump in and give them equity, no sovereign wealth fund.

Take a look at these.

But let's say that that's not on the table anymore either.

But that probably had you asking

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

Foreign investors withdrew their money from America.

Foreign investors withdrew their money from the United States.

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.

So, in the first video,

And a closed end fund

But I am seeing in the major funders, in CARE, Rockefeller,

And what does all of that mean?

Let's try mixed internal. Laughing

It is obvious these creatures are not covered by the convention of civilized systems.

In the U.S., when we hear the word race, a lot of people think that means African American,

And it was that that whole philosophy that encouraged me to start my current endeavor called Acumen Fund, which is trying to build some mini blueprints for how we might do that in water, health and housing in Pakistan, India, Kenya, Tanzania and Egypt.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

There were big health innovation funds

The company had to raise more money.

This scenario predicts that we should be a minimal fluctuation.

Take all the real investment that went on in the world in 2010.

What we saw was a natural experiment.

Every single Harvard employee is now automatically enrolled in a lifecycle fund.

I was wondering why she didn't do anything after the wedding.

Some guy who's probably never been outside the solar system.

I'm not allowed visitors, you see, except immediate family.

The disadvantage from the fund manager here is it's much less flexible in terms of growing or shrinking the fund

They will have no choice but to accept your control of the system.

But you're like, no I want to sell them.

Where do you want to go first for foreign investment?

0, 100 and 400 models have this type.

Now we'll have 2 billion shares.

So he is able to raise 2000

He went abroad to raise fund for the project.

My goal is to build one city that entirely selfsustains,