While Manchester United managed to sell out their entire allocation, UEFA director of communications William Gaillard indicated that Chelsea still had "up to a couple of thousand" tickets unsold the day before the game, despite claims by Chelsea's chief operations officer, Ron Gourlay, to the contrary.
Alexander Godwin, global head of asset allocation and managing director for Citi Private Bank, said a conservative portfolio might have 20 percent in equities, 8 percent in cash, 9 percent in hedge funds, 30 percent in corporate fixed income and the rest in Treasuries, municipal and supranational bonds.
"We are furious with today's allocation announcement," Jason Peltier, executive director of the San Luis & Delta-Mendota Water Authority, said in a statement.
"We said that's enough above fair value that you want to do something," said Ben Inker, GMO's director of asset allocation.
Mark Ruloff, director of asset allocation for Watson Wyatt Investment Consulting in Arlington, Va., said the proper risk level for a portfolio depended on whether other sources of retirement income were available.
Trevor Greetham, director of asset allocation at Fidelity Worldwide Investment, said: "Borrowing your way out of recession isn't as mad as it sounds.
Ben Inker, director of asset allocation at Grantham, Mayo, Van Otterloo, institutional money managers based in Boston, said most actively managed fund portfolios were helped considerably last year by holding stocks of companies that, on average, had lower market capitalizations.
However, Trevor Greetham, director of asset allocation for Fidelity Worldwide Investment, points out that although European equities are performing badly, it doesn't mean the long-term effect will be bad for the rest of the world's stock markets.
But after a rally of that magnitude, "people will start to get nervous about the ability of companies to actually meet those expectations," said Ben Inker, director of asset allocation at GMO, an asset management firm in Boston.
"The world has figured out that the financial sector has serious problems, but the assumption is that the rest of corporate America seems to be doing O.K.," said Ben Inker, director of asset allocation at GMO, an investment management firm in Boston.
