Later Years
In 1984, Jones transformed his fund into a fund of funds, investing its capital in other hedge funds with different areas of expertise and investment styles. He gradually disengaged himself from his office and gave his time to the Peace Corps and even tried to establish a "reverse Peace Corps" in which aid recipients would send their own volunteers back to the United States to work with the poor in that country, as a "hedge" against creating a culture of inferiority among developing countries.
Read more about this topic: Alfred Winslow Jones
Famous quotes containing the word years:
“Every milestone of a firstborn is scrutinized, photographed, recorded, replayed, and retold by doting parents to admiring relatives and disinterested friends. . . . While subsequent children will strive to keep pace with siblings a few years their senior, the firstborn will always have a seemingly Herculean task of emulating his adult parents.”
—Marianne E. Neifert (20th century)
“It’s no go the picture palace, it’s no go the stadium,
It’s no go the country cot with a pot of pink geraniums.
It’s no go the Government grants, it’s no go the elections,
Sit on your arse for fifty years and hang your hat on a pension.”
—Louis MacNeice (1907–1963)