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The Separation of Funds and Managers: A Theory of Investment Fund Structure and Regulation » abstract.This Article offers a broad theory of what distinguishes investment funds from ordinary companies, with ramifications for how these funds are understood and regulated. The central claim is that investment funds (i.e., mutual funds, hedge funds, private equity funds, and their cousins) are distinguished not by the assets they hold, but by their unique organizational structures, which separate investment assets and management assets into different entities with different owners. In this structure, the investments belong to “funds,” while the management assets belong to “management companies.” This structure benefits investors in the funds in a rather paradoxical way: it restricts their rights to control their managers and to share in their managers’ profits and liabilities. The fund investors accept these restrictions because certain features common to most investment funds make these restrictions efficient. Those features include powerful investor exit r… Yalelawjournal.org

SNAP Access and Racial Disparities in Food Insecurity » This cross-sectional study examines racial disparities in food insecurity overall and compared households participating in the Supplemental Nutrition Assistance Program with those not participating. Jamanetwork.com

Newcastle & Hunter | LJ Hooker Home Loans » Denis Hill is the principal of LJ Hooker Home Loans Newcastle and Hunter Regions. Ljhookerhomeloans.com.au

Mortgage rates hit 22-month high — here's how you can get a low rate » Mortgage interest rates bottomed out in Jan. 2021. However, they've steadily risen in the past 12 months. Here's how you can secure a low rate for a home loan. Cnbc.com

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