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Stirs up memories of the old Twentieth Century (later American Century) "Gift Trust" fund designed to be a gift to minors (alluded to in article). Always seemed like a neat concept. My recollections (possibly faulty) are that one needed to lock-up the money for a minimum number of years (10?) and agree in writing not to take it out sooner. This allowed the managers to go very aggressive without worrying about hot money running out the door when the fund slumped. Seems to me they had trouble enforcing that restriction in court during the go-go years of the 90s. From the article, sounds like the fund has now been modified from the original concept.
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