In a broader social perspective, acquisitions reallocate large pools of assets to different management and possibly different economic tasks (e.g., Google's acquisition of Motorola; Facebook's acquisition of Instagram).
First, they make money by selling their services; their primary income comes from collecting the largest pool of assets possible and charging a fee on those assets.
Not only will the company be able to spread its operating costs over a larger pool of assets, but it will also have access to Citi's extensive branch network in the country.
Unlike the do-it-yourself investor selling at regular intervals because they need the cash, NIE's money managers can sell from a much larger pool of assets when they want to sell.
With the large improvements in information technology and the substantial increase in value of the securities markets over the last twenty-five years, asset managers, investment bankers, lawyers, and top executives now apply their talent to much larger pools of assets.Of course, the nice thing about being a hedge fund manager is that you pay the capital gains tax rate on your income.
The system has helped create a large pool of private pension fund assets -- third in size only to the United States and Japan.
His pointed comment: "A stranger from Mars who looks at private universities would probably say they are institutions whose business is to manage large pools of investment assets and that they run educational institutions on the side... to act as buffers for the investment pools".
Mr. Miller was vice chairman of the Federal Home Loan Bank of Dallas in 1988, as well as the top executive of Southwest when regulators permitted his institution, then with $1.3 billion in assets, to take charge of the much larger pool of troubled assets.
Patty Stonesifer, a onetime Microsoft executive who now directs the world's largest pool of charitable assets, the Bill and Melinda Gates Foundation, grew up in a family of Dorothy Day-style Cactivistsctivists.
