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Some would argue it is small; others that if you stay out of a large asset class, it will ultimately be meaningful".
In a moment of candor, the chief executive of a large asset management firm conceded that the economists at his firm got it right "about three times out of ten".
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Jeremy Grantham, co-founder and chief investment strategist of GMO, a large asset manager, sounded a more cautious note.
Only a systematic removal of sub-prime paper will permit other assets to price back to normal and avoid leaving a large asset class of uncertain value to coexist alongside the new debt incurred in fighting the crisis.
The ECB stopped short of instituting a large asset-buying programme like the quantitative easing (QE) undertaken by the US Federal Reserve.
This has culminated in the founding of a coalition of large asset managers pushing hard for a transformation in the level of openness and transparency in our industry — the Healthy Markets Association.
But the chief investment officer of a large American asset manager says that he and his colleagues are "resigned to it taking a lot longer".
"A reverse mortgage is one way of making a very large asset produce income".
into a fund of very large assets, unless he gets a lot of stock," Mr. Adams said, "and that's not likely to happen".
"European companies are sitting on a number of large assets," said Maria Pinelli, global vice chairwoman of strategic growth markets at the accounting firm Ernst & Young in London.
In an amended, April 10 version of a complaint they filed last year, they said they believe that the acquisition "designed to unlawfully divest Bear Stearns' public stockholders of a large portion of valuable assets of the company for grossly inadequate consideration," and are calling for the merger to be dissolved.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com