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Chief executive Ivan Glasenberg said: We have already largely achieved our asset disposals target of $4bn-$4bn-$5bn a diverse and material pool of asset sales' processes also ongoing.
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That is because the underlying pool of assets is worth considerably less.
So a manager has a smaller pool of assets to drive returns.
Under the loss-sharing arrangement, Citigroup will assume the first $29bn in losses on the risky pool of assets.
With the pool of assets dwindling, the fight to recover funds for clients and creditors alike has grown more contentious.
Multi-asset funds and absolute return funds are in some ways the natural choice if you want exposure to a diversified pool of assets with low volatility.
Instead, she helped manage a fund of funds, an industry term for a pool of assets that would be invested in a range of hedge funds.
Late last year, regulators struck a loss-sharing deal with the bank covering a pool of assets that totaled $267 billion in the most recent financial statement.
Calpers' chief investment officer has to maximize returns on a vast pool of assets while answering to a 13-member board.
"Until you actually do it, you don't want to tout your abilities or run nearly as large a pool of assets".
Carlos Costa, the governor of the Bank of Portugal, said that banks had a "very big" pool of assets that could be divested to strengthen their balance sheets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com