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:
“Where has it all gone? I remember that twenty years ago there were geese and cranes and ducks and grouse here, clouds of them!... And there are far fewer animals. Wolf and fox are rare, brother, not to mention bears or mink. There used even to be moose!”
—Anton Pavlovich Chekhov (1860–1904)
“Money itself isn’t lost or made, it’s simply transferred from one perception to another. This painting here. I bought it 10 years ago for 60 thousand dollars. I could sell it today for 600. The illusion has become real and the more real it becomes, the more desperately they want it.”
—Oliver Stone (b. 1946)