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Large-scale outflows cause problems for these funds because they are based on assets – in this case, commercial property – that are difficult to sell quickly when investors want their money back.
By law the foundations must make a required minimum distribution each year, she said, based on assets in the previous year, even though for most people, those assets have shrunk.
Wealth: $422 million, based on assets in 2000.
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In addition, some $541 million in new capital that the Antigua-based bank claimed to have injected in fact turned out to be based on assets the bank had already purchased in 2008 for $88.5 million, according to court documents.
Voyager shareholders paid a greater share of the fixed directors' fees last year because the fees were allocated in part based on assets under management.
A random-effects probit model was used to estimate wealth levels based on asset ownership in each country (20).
Capital costs were calculated based on assets' records of the hospital, which is updated every year.
Four methods for intangible asset valuation in healthcare are described in the literature: the market approach (based on sales comparison), the cost approach (based on reproduction or replacement cost), the income approach (based on revenues, income, and cash flow), and the asset-based approach (based on asset accumulation) [ 13– 15].
Household wealth scores based on asset ownership and housing characteristics were created separately for households in the 2005 and 2008 study samples.
In its place has come an economy based on asset bubbles and foreign borrowing.
For a number of years, firms like Merrill Lynch have been encouraging their brokers to move away from commission-based approaches to handling clients to an asset-gathering model, where income would come from fees based on the assets in an account and not from commissions on individual trades.
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