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Define the asset management field
The most innovative company in the United States during several consecutive years, Enron went bankrupt in 2001 prompting an evolution in financial and accounting regulation in the US.
Nicole El Karoui, a mathematics professor and expert on probability, received, on October 15th 2006, the French Legion of Honour for her pioneering work in the field of mathematics applied to finance.
The expression ?hedge funds? is commonly used to describe a non-conventional investment fund, that is, a fund whose strategy does not include long term investments in bonds, stocks and cash markets...
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