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Outside equities, portfolio strategies were also mixed.
In fact, Pimco has hired two former equities portfolio managers from Franklin Templeton Investments to establish the new division's moneymaking approach.
"[Deutsche Bank] finds itself in the position it is because of a failure to shrink its balance sheet, cut costs and restructure when times were good," said Tim Crockford, European equities portfolio manager at fund manager Hermes.
Mr. Makker is an investor who until a few years ago was an equities portfolio manager at the Citadel Investment Group, until recently a hugely profitable hedge fund; his wife, Vicky, is a physician.
Absent a sharp worsening of the crisis in Europe, investors were feeling better that the American economy was showing stronger momentum in recent weeks and could be resilient enough to withstand a setback, said Jeff Schwarte, United States equities portfolio manager at Principal Global Investors.
Then again, you could just raid your equities portfolio.
Similar(49)
Just over 50percentt of the equity portfolio is in Europe.
"If your municipal bond portfolio disappoints you, your equity portfolio will not," he said.
It has its own equity portfolio too, much of it invested in banks.
The bank, as a publicly traded company, already does this for its own private-equity portfolio.
Yet Blackstone has said that its private-equity portfolio fell by just 13%.
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