London is the millionaire capital of the world, with almost 3% of the population commanding more than $1m in net assets, according to a new study.
The FSB proposes a system based on fund size, saying thatFor investment funds, the threshold is set at $100 billion in net assets under management (AUM).
"They still have growth in net assets," Mr. Levy said.
The average fund in the study had $299 million in net assets when it changed its name.
He examined Andersen's performance in auditing the company's 2000 accounts, which showed $468 million in net assets.
But public financial statements through 2007 actually showed growth in net assets, leading to furious criticism from residents and commentators.
Friedman's original article alleged that Gaga's foundation finances were as follows: $2.1m in net assets, with $2.6m in donations.
LuxAlpha, which invested 95 percent of its assets with Mr. Madoff, said it had $1.4 billion in net assets a month before Mr. Madoff's arrest in December 2008.
Toronto-Dominion will acquire about $5.9 billion in net assets and $400 million in good will from Chrysler Financial, the former financing arm of the carmaker.
By comparison, Operation Smile raised $40.6 million in the fiscal year that ended June 30 , 2010 and had $20.4 million in net assets, according to its financial statements.
