Incorporating funds of knowledge in school gardens

Master's Project (M.Ed.) University of Alaska Fairbanks, 2017Incorporating "funds of knowledge" with schoolyard gardening enriches a child's experience by interacting with their families, local community organizations, school faculty, and other children. A garden community is a social setting and the relationships established by working together cultivate a long-lasting commitment to education. Children are excited to learn, willing to participate, and take ownership of acquiring life skills that are fundamental to pass on from generation to generation. Incorporating "funds of knowledge" provides a venue for those inherited skill sets to be incorporated into the mainstream curriculum of the classroom. The small, yet emblematic, group of children that participated in this project at Leupp Public School were able to gain an appreciation for planting and growing a garden by being Youth Participant Action Researchers. Conducting home visits to some of the family homes also brought an invitation for increased participation in the school garden. The children incorporated their culture of gardening by learning from elders, community gardeners and their families

The relevance of index funds for pension investment in equities

The rise of index funds over the past 25 years has been a remarkable phenomenon. The traditional rationale for the success of index funds is market efficiency, net of transaction costs. The authors also focus on the role of agency conflicts between fund managers and investors, which are hard to resolve, given the low power of statistical tests of performance. Most of the empirical evidence about the superiority of index funds comes from the United States. The authors discuss issues associated with the application of index funds in developing countries, as well as policy issues in the financial sector that affect the enabling market infrastructure for index funds. They also apply these ideas to thinking about the relevance of index funds for pension investment. The equity premium provides powerful motivation for equity investment by pension funds. Index funds make it possible to sidestep the complexities of forming contracts and monitoring institutions to govern fund managers. In developing countries that seek to use index funds in pension investment, there are avenues through which policymakers can make index funds more viable. In many countries there are significant avenues for improving construction of the market index as well as market mechanisms used in the equity market.Agricultural Knowledge&Information Systems,Payment Systems&Infrastructure,Economic Theory&Research,Markets and Market Access,Access to Markets

Mutual Fund Performance with Learning Across Funds

This paper is based on the premise that knowledge about the alphas of one set of funds will influence an investor's beliefs about other funds. This will be true insofar as an investor's expectation about the performance of a fund is partly a belief about the abilities of mutual fund managers as a group and, more generally, a belief about the degree to which financial markets are efficient. We develop a simple framework for incorporating this prior dependence' and find that it can have a substantial impact on the cross-section of posterior beliefs about fund performance as well as asset allocation. Under independence, the maximum posterior mean alpha increases without bound as the number of funds increases and 'extremely large' estimates are randomly observed. This is true even when fund managers have no skill. In contrast, with prior dependence, investors aggregate information across funds to form a general belief about the potential for abnormal performance. Each fund's alpha estimate is shrunk toward the aggregate estimate, mitigating extreme views. An additional implication is that restricting the estimation to surviving funds, a common practice in this literature, imparts an upward bias to the average fund alpha.

Funds of knowledge 2.0: towards digital funds of identity

This article builds on the growing work on Funds of Identity by offering a conceptualisation of identity in relation to Vygotsky's concept of perezhivanie which is then situated within the discourse on digital identities. I also suggest how teachers and researchers could use avatars, digital representations of online users, as an identity text for drawing on and constructing students' Funds of Identity. In order to illustrate this approach, I briefly sketch an ongoing class-based research project called The Avatar Project. Overall, this article reaffirms and develops the argument that the Funds of Identity approach is an evolution of Funds of Knowledge. This thesis is encapsulated in the phrase, digital Funds of Identity: Funds of Knowledge 2.0

Private equity funds and hedge funds: a primer

Private equity funds and hedge funds are both alternative asset classes that are continuously growing in importance. Although they have different focuses, they share some characteristics. First of all, both have or allegedly have a significant impact on the economy as well as the financial system they operate in. Therefore, the question of a potential regulation of both asset classes arises. Due to the lack of sophisticated knowledge about the differences of these asset classes, market players fear that attempts to regulate hedge funds will adversely affect private equity funds. Besides the regulatory issue, there are several other links between these two asset classes that have to be looked at. The relationship between those two asset classes is therefore of general importance. Last months' developments in the hedge fund industry (e.g. rumors about turbulences as well as hedge funds forcing the dismissal of the CEO of Deutsche Börse) have now even led to a broad public debate about private equity and hedge funds. At least in Germany the debate has been partly fueled by the fact that both types of funds are highly funded by institutional investors from abroad. Due to this the debate widened and included criticism on Anglo-Saxon style capitalism as well. In the light of the last German elections, hedge funds and private equity funds have even been compared to locusts, notorious for exhausting whole countries. However, the distinction between hedge funds and private equity funds remains very vague in this discussion, so that deep mistrust is spread among the public opinion against these new, mostly unknown and misunderstood types of investors. For this reason it is important to * discuss the arguments for or against regulation, * look at the major links between the two asset classes, * look at the major differences that exist between the asset classes, and * conceive a set of criteria to clearly distinguish between both types of funds. The purpose of this paper is to comment on possible solutions to the above mentioned tasks. It outlines preliminary thoughts and findings. Further, it comments on the steps that we think should be taken to further enhance perception of private equity funds as opposed to hedge funds from a public as well as a regulatory perspective. --Private Equity Funds,Hedge Funds

Voucher funds in transitional economies : the Czech and Slovak experience

Voucher funds have arisen in the transitional economies of Eastern and Central Europe that have used voucher privatization. These funds collect vouchers from citizens and use them to buy shares in enterprises. In the Czech and Slovak Republics, voucher funds are typically organized as corporations owned by the citizens who contributed their vouchers. Recently, they have also been organized as unit trusts (either open-ended or closed). A management company manages the funds under a contract that specifies the management fee. The management company is typically owned by the initial sponsor of the fund - for example, a bank. Voucher funds can give owners a diversified and professionally managed portfolio. More important, the funds select who sits on an enterprise's governance boards (which oversee management and profitability). Although experience is limited, the funds in these two countries have probably stopped most fraud and self-serving by enterprise mangers and are beginning to encourage the restructuring needed for profitability. A few funds have replaced poorly performing or dishonest managers; more often, because qualified replacements are few, they encourage managers to improve performance. There have been complaints about funds'performance. Some have made unrealistic promises to voucher holders and have appointed poorly qualified members to management boards. There is concern about conflicts of interest in the bank-sponsored funds and excessive control of enterprises. Funds typically lack capital or expertise to undertake restructuring - but few other potential owners are likely to be better qualified. The author examines 27 regulations that have been proposed for funds. Regulations in transitional economies, unlike regulations in most western countries, should encourage funds to play a strong role in corporate governance, he contends, as few potential owners have this ability. Most important, regulations should require that funds disclose information about their operations so their owners can monitor and control fund managers. The regulatory regime, the author says, should discourage monopolies and anticompetitive behavior; create incentives for fund managers to improve fund performance; discourage self-serving or fraudulent behavior by fund managers, and conflicts of interest; and eliminate high-risk investments unacceptable to fund owners. Because there is so little experience with these funds, the regulatory regime should not be unduly restrictive. As problems arise, regulations to deal with them can be added.International Terrorism&Counterterrorism,Economic Adjustment and Lending,Economic Theory&Research,Agricultural Knowledge&Information Systems,Payment Systems&Infrastructure

Rapid Response Grantmaking: A Tool for Grantmakers

This paper offers insights from the perspective of the Connect U.S. Fund's administering staff and our collective experience designing and running a Rapid Response grantmaking program. There are numerous models of rapid response programs operating in the philanthropic world, such as grassroots "kickstarter" campaigns, grants to individuals in emergency situations, individual staff- or trustee-administered rapid response funds, and funds that address unexpected "marginal" costs (i.e., unanticipated travel or marketing). The field of rapid response funding does not have a consistent or thoroughly researched body of knowledge behind it. A broader, deeper, and more rigorous review and analysis of the various structures and methods of the effectiveness of these rapid response programs -- and the Connect U.S. Fund's own rapid response model -- would greatly benefit both the philanthropic and non-governmental communities. We hope this paper will help spur interested funders to take up that task

AGRIFOOD INDUSTRY AS INDUSTRY INTENSIVELY BASED ON KNOWLEDGE - CASE STUDY OF VOJVODINA

During three-hundred-year history of the market economy, the main sources of wealth creation have changed from the natural resources (mainly land and relatively unskilled labor with the exception of the master craftsman), tangible material assets (buildings, machinery and equipment, funds) to intangible assets (knowledge and information of all types) that may be contained in the people, organizations, or physical resources. In the later period of the twentieth century, science has acquired the features of direct production force. The term direct implies that unlike the relationship which existed between science and production in the IXX century, where scientific advances was incorporated through the physical labor in the tools, which, in turn, created new value through the physical labor, the relationship between science and production has become all direct, immediate, because the scientific advances allowed the funds to be produced with less labor and allowed funds itself to become "smarter" and as such to require less human intervention and human physical labor in the final production process. As a result, the need for physical labor continuously declined with time, and the application of labor is moved from direct production to processes of preparing and organizing production. Also, a large part of today's knowledge that is used in production is not embodied in machinery, and the effects of this are immense.Agricultural industry, Intellectual capital, Efficiency, Valorisation, Agribusiness, Community/Rural/Urban Development, Labor and Human Capital,

Digital Funds of Identity: Funds of Knowledge 2.0 for the digital generation?

This paper is a theoretically orientated analysis that synthesises the literature on Funds of Identity with the literature on digital identities. It makes the case for considering Funds of Identity as more than just an enrichment of the Funds of Knowledge approach by suggesting that it is in fact a development. This article also extends the concept and methodology of Funds of Identity by situating identity within a digitised interpretation of social interaction. It does this by exploring the role that avatars and virtual learning environments could play in the development of online identities and their potential application within the classroom. The literature on funds of identity is then synthesised with the literature on new technology, identity and digital literacies This article also explains how digital funds of identity could be used in relation to domain specific knowledge which is illustrated by focusing on English literature and secondary education