Table 2 shows the heterogeneity of our sample with respect to market value (MV), total revenues (REV), number of employees (EMPL) and book value of total assets (ASSETS).
According to AMG, outflows from emerging-markets stock funds totaled $4.05 billion for the year, 12.3percentt of total assets.
The fund's biggest holding is ChoicePoint, at 4.5percentt of total assets.
The fund is concentrated in 28 stocks, with 85percentt of total assets in technology.
Investment companies routinely charge an annual fee that is a fraction of total assets under management.
Holdings of government bonds as a portion of total assets are among the highest in Europe.
But a ratio of 10% of total assets does not seem that onerous.
The energy sector accounts for the biggest chunk of the portfolio, at 15percentt of total assets.
To keep the fund diversified, holdings of a single company's shares are limited to 1.2percentt of total assets.
In contrast, Lehman had the highest percentage of liquidity, at 25percentt of total assets, he wrote.
As of last month, it had more than $1 billion in nonperforming assets, out of total assets of $26 billion.
