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"Much of this growth likely reflects involuntary lending, that is, banks expanding assets in response to liquidity commitments they extended during the previous good times," he said.
The assets of Janus have nearly tripled since the beginning of last year, and to effectively manage its rapidly expanding assets, the company has now closed half of its 16 equity funds.
Its investments today show that it is serious about pan-European broadband dominance and will leverage its expanding assets into a full spectrum of voice, data and television offerings.
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The £3,660-a-head conference at the Victoria Park Plaza hotel, in central London, promises a "unique opportunity to gain insights from an A-list of speaker faculty on how, where and why to invest in this emerging and expanding asset class".
With labor in short supply and new mines becoming harder to find, the quickest and often cheapest way to expand assets is through acquisition.
The 1970s oil squeeze expanded assets at Saudi Arabia's 12 banks twentyfold.
This is different from later-stage investing, where individual firms expand assets under management when their industry grows.
Sherwood also has a wider focus than STBF, meaning that Susie Buffett is going to be influencing a lot of funding areas, given the foundation's expanded assets.
And banks can fund their expanded asset base because at the same time deposits are attracted into the banks by the comfort of deposit insurance.
A year ago, Goldman Sachs promoted its initial public offering by touting its efforts to expand asset management, while downplaying its trading activities, on the premise that one provided more stability than the other.
Today the IMF said very much the same thing – that if economic weakness persisted: "then some combination of the following would need to be considered: (i) expanded asset purchases by the Bank of England and (ii) temporary tax cuts.
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