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Asset levels are down sharply, but nearly all of that has come from falling prices rather than fleeing investors.
Ms. Hirshman advises people who are considering such accounts to decide if the accounts are suitable for their asset levels and investment styles.
By disclosing asset levels once a month rather than weekly, as had been its custom, Marsh may be attempting to take the focus away from client defections.
But they also had huge gains in assets, in each case peaking at about 10 times their asset levels at the beginning of the year.
As a result, Citigroup's asset levels grew about 8 percent in the quarter to about $2 trillion.
The fund has not yet reported on actual losses for the last six months, but monthly calculations based on reported asset levels and its 38percentt decline indicate a loss of $26 million.
Similar(27)
Early this year, it announced that the minimum asset level to remain a private banking customer would double from $5m to $10m.
Ms. Katz sets $200,000 as the asset level, including equity in your home; below that, you probably can't afford long-term-care insurance.
There would be detailed "asset level disclosure," so investors could have a better chance of assessing the quality of the mortgages, and there would be required updates to that information.
It's a nice boost for a fund that is still trying to reach its high water mark, the asset level where it can charge performance fees once again.
ABN AMRO analyst Phil Corbett said: "Venture talked at its results... about forming strategic relationships with larger players, although that seemed to be at an asset level rather than an equity investment, so this will likely come as a surprise to management".
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CEO of Professional Science Editing for Scientists @ prosciediting.com