1.   But whereas open-end funds take in cash from investors at any time, closed-end funds have a fixed amount of assets.

2.   American Century Ultra fund might then take the place of Fidelity Growth Company fund.

3.   Although the fund has taken some profits on the stake, Canary Wharf remains one of its largest positions.

4.   And some experts ask whether investors are sufficiently aware of the risks their funds are taking.

5.   And the fund takes a broad view of its investing universe.

6.   And while the funds took in more money from new shareholders than was withdrawn by current ones, that might not be the great benefit the industry believed.

7.   All that said, funds take on different characteristics when they expand.

8.   All new funds will take the Schroder name.

9.   Burton, whose appointment as head of the largest U.S. public pension fund took effect Saturday, calls finding the right asset mix the biggest challenge facing his administration.

10.   But in hindsight, the Strong Heritage fund also took some risk.