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"While we've added a lot of mortgage-backed securities to our asset class that we have for the general account and so on, we've only purchased just under $2 billion of the assets coming out of Maiden Lane II".
After we applied our asset class, longevity and minimum-size screens to Lipper's offshore funds universe, the number of funds shrank from 6,000 to a few hundred.
"The first quarter venture fundraising activity represents more than just a "slow start" to the year and really demonstrates the contracting and consolidating nature of our asset class," said John Taylor, head of research for NVCA in a release.
The logic goes that while IT and healthcare are finite industries, which may in fact be maturing and slowing down, VCs can now fund entrepreneurs attacking multiple hundred-billion-dollar opportunities across the economy, thus uncapping the rewards available to our asset class.
Vince Rivers: At the JOHCM US Small Mid Cap Equity Fund (JODMX), we apply the same core ethos as other teams at the firm, by pursuing a highly active, benchmark agnostic approach which seeks to identify alpha opportunities throughout our asset class.
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And that's our newest asset class.
The tool for our valuation-based outlook is our seven-year asset class forecasts.
So, to recap, we've determined that we want stocks and bonds to be our two asset classes.
I well realize the counter-intuitive rebalancing exercise -- selling the excess of our 'winner' asset classes to buy into the temporarily lower priced 'losing' asset classes.
This year, he added, "it was our best-performing asset class".
LeGraw: When we look at our seven-year asset class forecasts today across equities, what we see is a very extraordinary outlook where we've got a great amount of dispersion among our equity asset class forecasts.
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