Word: assets
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...other cases, mostly among relatively small funds, erasing a name is an attempt at cost cutting. Many fund firms decide it makes no sense to pay two high-salaried managers and their staffs to maintain similar portfolios. Also, running a fund with modest assets is difficult, and with so many investors feeling burned by stocks, there's little prospect for asset growth anytime soon. That was the case at Putnam, where the $759 million Balanced Retirement Fund was merged into the $4.9 billion George Putnam Fund (another balanced portfolio) as one of 11 fund eliminations...
Crazy? Not at all. Think of it in basic rebalancing terms. Three years ago, stocks had soared, bonds had been creamed, and cash was for wimps. Rigorous rebalancing would have had you sell stocks and buy bonds and cash equivalents to keep your overall asset mix in line--a move that today would look like genius. Now throw real estate into the mix. Soaring home prices have left millions of homeowners--especially on the coasts and in hot cities like Denver--sitting on piles of loot. Lately, prices have been cooling in some cities. But that's after doubling over...
...connection is the first of several key steps towards construction of social capital. This valuable asset which each of us can build through his networks, makes one a happier and more competitive individual. The trust and reciprocity which are generated, and the exchanges of information, tips and ideas lead to stronger bonds, stronger communities and stronger individuals. The starting links in this chain are eye contact with a stranger, an ice breaker, a smile, a friendly...
...Alex Johnson and Laura Delano regrouping themselves as sophomores is going to be a great asset along with the four freshmen,” Bajwa said...
...strong private-banking business. So how will Credit Suisse match that? The logical place to start is Winterthur, where Credit Suisse has had to inject an extra €.5 billion in capital this year. Mack says much hard work has already been done. The unit has altered its asset mix - reducing its equity expo-sure and putting more money into bonds and cash. Credit Suisse also last week appointed Leonhard Fischer to head Winterthur. Does Fischer - who ran investment banking at Germany's Dresdner Bank - have the right background to run an insurance firm? Says Mack: "We have...