Let's say that the sovereign wealth fund never happened.

Where the sovereign wealth fund will essentially inject some cash.

No sovereign wealth fund, no one else bought the company.

And it got bailed out by the sovereign wealth fund.

So the sovereign wealth fund will take over roughly 80 of the company.

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

It had to go to, maybe it was the government of Singapore's sovereign wealth fund.

The other situation is maybe they can get an equity infusion from a sovereign wealth fund.

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

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.

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.

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.

That's not wealth creation. It's wealth redistribution.

IMF stands for International Monetary Fund.

So now the fund has 500.

It could be a hedge fund.

And this is Pension Fund B.

Where the sovereign wealth fund comes in, in that example they bought 3 billion worth of equity, and they gave 3 billion worth of cash.

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.

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.

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

Money is used to transact wealth or represent wealth.

That's real wealth.

By creating wealth?

So, wealth how can a bat possibly bring us wealth?

He has fund of information about world politics.