Exact(26)
Many asset management firms have introduced such funds of funds in the last few years.
Growing such exposure organically has proven extremely difficult and costly for many asset managers.
In many asset bubbles, prices are pushed up by greedy investors, who borrow heavily to buy.
But like many asset price bubbles, it might well stay afloat for longer than skeptics such as I expected.
There are, as they know well, many asset managers who have "one large" — a billion dollars — to invest.
Many asset classes have performed even worse, falling by various double-digit percentages since the market peak.
Similar(32)
FOR many asset-management firms, hedge funds have long been like a maddening little brother: small, cocky, subject to fewer rules and, yes, the apple of everyone's eye.
Pension funds, insurers and family offices are doing the same a response in part to the exorbitant fees and disappointing returns of many asset-managers.
And getting out of a big position may take even longer than getting in.To add to the costs, many asset-management companies tend to offer a complete range of funds, covering everything from Asian equities to Treasury bonds.
Many asset-management businesses are being quietly hawked around, especially in Europe, though the managers themselves may not know it yet.Their parent companies now think that fund management thrives only when stockmarkets soar not the sort of business to offset the volatility of, say, mergers and acquisitions.
But if the Fed really wanted in its heart of hearts to see inflation expectations up around 3% it might have said so at some point in the past five years, and it might have refrained from pulling the plug on one of its many asset-purchase plans while expectations were short of the mark.The bottleneck remains, as it has for most of the past half decade, within the Federal Open Market Committee.
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