21.   Swapping ideas and collaborating closely, the managers will frequently invest in the same stocks.

22.   The company has two hedge funds, or funds marketed to wealthy individuals in which the manager invests his own money and gets a large percentage of the profits.

23.   The money manager invests in high-yield bonds in a year when junk bonds are the best performing fixed-income investment.

24.   These managers invested in October contracts for sugar, betting that Cuba has overstated its production level this year.

25.   Those fund managers are also investing a lot in the U.S. market.

26.   This means managers will sometimes invest in stocks outside the U.S., she said.

27.   To protect themselves, fund managers are investing in export-oriented growth companies.

28.   To be sure, the proportion grows somewhat during bear markets, to the extent that managers invest any of their portfolios in cash or bonds.

29.   Unlike private funds, public portfolio managers can invest in socially desirable projects that may not meet the economic criteria a private investor would demand.

30.   While these managers invest in stocks, bonds, currencies and commodities around the globe, much of their returns came from U.S. stocks this year.