Instead of reflecting the performance of actual hedge funds they take a statistical approach to the analysis of historic hedge fund returns, and use this to construct a model of how hedge fund returns respond to the movements of various investable financial assets.

Instead, one tends to think in terms of the various processes, tasks, and objects subject to management.

Instead of a world government, the above-mentioned " Shield " resolves the problem of an American-dominated world dictatorship in a truly libertarian manner: The protagonist, who is hunted by various power groups for the secret of a personal impregnable force field which he brought from Mars, finally decides to simply reveal it to the entire world, so that every individual could thumb his or her nose at each and every Authority.

Instead, astrophysicists come to understand how stars evolve by observing numerous stars at various points in their lifetime, and by simulating stellar structure using computer models.

Instead, the convention passed a resolution stating that " we most cordially concur in the repeated nominations which he has received in various parts of the union.

Instead, their fluid-filled body cavity acts as a hydrostatic skeleton, similarly to many unrelated soft-bodied animals that are cylindrically shaped, for example sea anemones and various worms.

Instead, national standards, like FIPS 140-2 give the specifications for cryptographic modules, and various standards specify the cryptographic algorithms in use.

Instead, the differences appear in the nature and value of various ' access ' bursaries that are on offer.

Instead of using pita to scoop foods, people fill the pocket with various ingredients to form a sandwich.

Instead, George Habash in particular, and various other leaders in general advocated one state with an Arab identity in which Jews were entitled to live with the same rights as any minority. The PFLP declared that its goal was to ‘’ create a people ’ s democratic Palestine, where Arabs and Jews would live without discrimination, a state without classes and national oppression, a state which allows Arabs and Jews to develop their national culture .’’

Instead, the armor plating is curved and is often criss-crossed with various inset lines which run either parallel or perpendicular to other edges / lines.

Instead, the player travels from a central hub-like area in the city between various levels which will stay the same as when the player left them.

" Instead of riding buses, boycotters organized a system of carpools, with car owners volunteering their vehicles or themselves driving people to various destinations.

Instead they are soaked ( sometimes with baking soda ) overnight, then ground together with various ingredients such as parsley, scallions, and garlic.

Instead of confining reason to a string of verifiable axioms, Vico suggests ( along with the ancients ) that appeals to phronêsis or practical wisdom must also be made, as do appeals to the various components of persuasion that comprise rhetoric.

Instead, a precise metering system draws the detergents and wash additives directly from large liquid-chemical storage barrels and injects them as needed into the various wash and rinse cycles.

Instead, all four members doubled on percussion at various points in live performances.

Instead, it sold or leased all its carriages to the various national railway companies, but continued to provide staff for the carriages.

Instead of remaining near the person of the king, some of the counts palatine were sent to various parts of his empire to act as judges and governors, the districts ruled by them being called palatinates.

Instead these multipolar cells express neuronal markers and extend multiple thin processes in various directions independently of the radial glial fibers.

Instead they chose to adopt various — in some cases academic — styles of realism in depicting American urban and rural scenes.

Instead, he relies on heroes like the Avatar to go forth and correct the various crises that crop up in Britannia.

Instead of working, Ainsworth spent his time reading literature at his home and various libraries, including the Chetham Library.

Instead, heliozoa is regarded as a descriptive term applying to various lines of protists.

Instead, they used strings, keyboards and electronics, including primitive synthesizers, and various audio processors, including the ring modulator.

Instead, he proposed that other pieces of Germanic literature contain " kernels of tradition " from which Beowulf borrows and expands upon.

Instead of moving, a Bomb need merely explode to effect the destruction of both friendly pieces and enemy pieces adjacent to itself, and suiciding in the process.

Instead, Rococo's cannonball pawns seem to hang away from enemy pieces by two or three squares, rarely coming into contact with each other without advance preparation.

Instead, Ravel abandoned the piece, using its nationalistic themes and rhythms in some of his other pieces.

Instead of quilting, the layers are sometimes tied together at regular intervals with pieces of yarn, a practice known as tying or knotting, and which produces a " comforter ".

Instead of ablating the tissue, the laser cuts a portion of the prostate, which is then cut into smaller pieces and flushed with irrigation fluid.

Instead of throwing the smashed parts away, Townshend reassembled the pieces as a sculpture.

Instead, he became interested in natural science and chemistry, as well as the occult, and wrote short pieces on entomological subjects.

Instead of being reborn on their starting positions the pieces may be reborn on other locations:

Instead, he made his contribution in short propaganda pieces for the British Film Institute and Pathé News.

Instead, the two pieces are placed into a full-screen ' combat arena ' and must battle ( action-style, with the players running the pieces ) to determine who takes the square.

Instead of using both pieces as in fronto-supraorbital advancement and remodelling, only one piece is rotated and attached to the supraorbital bar.

Instead, they improvised a canceling process by scribbling on the stamp with an ink pen (" pen cancellation "), or whittling designs in pieces of cork, sometimes very creatively (" fancy cancels "), to mark the stamps.

Instead, the cavalry units were equipped with modern armament, including 75 mm guns, tankettes, 37mm AT guns, 40mm AA guns, anti-tank rifles and other pieces of modern weaponry.

Instead of shaping two pieces of dough and baking them together, two rows of small pieces of dough are placed in the pan.

Instead of stretching the sample, which would change the sample's timbre and pitch, ReCycle slices the loop into little pieces so that each beat gets its own sample.

Instead of being killed by any weapon, Baebius was literally torn to pieces by the hands of his enemies.

Instead of using their mandibles to bite, they use the anterior edge of the mentum and swivel their heads to cut off pieces of food.

Instead, it indicates that the musicians continuously keep playing, as opposed to having a collection of songs interrupted by recitative pieces and dialogue.

Instead of using images, one can represent chess pieces by symbols that are defined in the Unicode character set.

Instead, it was broken into seven pieces by the Architect's Trustees, the self-named Morrow Days.