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:
“Time isn’t so important.... We can say that time is behind us, that we’ve had years together.... I can tell you about a thousand wonderful hours we’ve spent together because I feel we would have, inevitably. And there’s not that much difference between the future and the past.”
—Kurt Neumann (1906–1958)
“In the death of my son, now more than two years ago, I seem to have lost a beautiful estate,—no more. I cannot get it nearer to me.”
—Ralph Waldo Emerson (1803–1882)