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:
“Jugful of milk! It was yours years ago
when I lived in the valley of my bones,
bones dumb in the swamp. Little playthings.”
—Anne Sexton (1928–1974)
“Are you more likely to tolerate drivel than you were four years ago? I think the answer is yes. Four years of Reagan has deadened the senses against a barrage of uninterrupted nonsense.”
—Alexander Cockburn (b. 1941)