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The dearth of leverage to amplify gains further spooked big players, including large, diversified hedge funds.
But analysts expect savings for large diversified companies that have already developed risk-based systems.
The argument went that these large diversified financial institutions caused the bank failures of the early 1930s.
It suggests that large, diversified funds will not only survive, but could prosper by swooping on assets they consider cheap.
Large diversified mining companies, such as Rio Tinto, Anglo American and BHP Billiton are already rationalising their business plans to cope with the expected downturn, it says.
"But they are buying a people business, taking a private partnership with 30,000 people and putting it into a large diversified technology company".
Similar(21)
The transaction would create one of the world's largest diversified mining and trading companies.
Bob Tisch, with his late brother Larry, built Loews Corporation into one of the largest diversified financial corporations in the United States.
Hong Kong's largest diversified company, Hutchison Whampoa Ltd., posted a 71percentt drop in profit in 2000 because of a global slump in telephone and technology stocks.
LONDON – Siemens, the largest diversified industrial group in Germany, has agreed to buy the rail signaling business of the British company Invensys for 2.2 billion euros, or $2.9 billion.
At the time of its merger, BHP Billiton was the largest diversified resources company in the world, with operations in some 20 countries.
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