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:
“Adolescents are travelers, far from home with no native land, neither children nor adults. They are jet-setters who fly from one country to another with amazing speed. Sometimes they are four years old, an hour later they are twenty-five. They don’t really fit anywhere. There’s a yearning for place, a search for solid ground.”
—Mary Pipher (20th century)
“And the immortal music of Chopin
Which we had been discovering for several months
Since we were fourteen years old. And coffee grounds,
And the wonder of hands, and the wonder of the day
When the child discovers her first dead hand.”
—John Ashbery (b. 1927)