have led to the gradual introduction of per capita risk-adjusted allocations to the sickness fund.
Luxembourg :
the Union of Sickness Funds directly covers the expenses for services delivered on a contract basis.
Germany :
a mixed system whereby expenditure for pensioners was covered jointly by all funds.
Switzerland :
the equalization mechanism is limited to each canton.
1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t
Ⅲ. Characteristics of New Pension System in Chile
1. Individual Capitalization Accounts (ICA)
In Chile, they have pension system that subscribers pay back from their individual accounts after retirement. Therefore this account have no income redistribution among inter-layers and no income transfer between generations that exist in korean pension system. ICA's contributions are not inc
funds and programmes) affect our lives and make the world a better place. One of the central mandates of the United Nations is the promotion of economic and social development.
2) What is UNDP?
The United Nations Development Programme (UNDP) is the UN's global development network. UNDP is currently present on the ground in 166 countries, working with them on their own solutions to global
1. What is Hedge Funds?
Definition
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets.
Characteristics
A diversified portfolio of uncorrelated funds
May be widely diversified, or sector or geographica