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Exact(48)
So a manager has a smaller pool of assets to drive returns.
That is because the underlying pool of assets is worth considerably less.
With the pool of assets dwindling, the fight to recover funds for clients and creditors alike has grown more contentious.
Under the loss-sharing arrangement, Citigroup will assume the first $29bn in losses on the risky 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.
The dueling statements stem from the divergent missions of the two trustees, who have spent months clawing over a limited pool of assets.
Similar(10)
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.
Hedge funds are pools of assets and are largely unregulated.
Managers of these pools of assets have played similar games between rated and unrated slices.
"But our portfolios are set up to accommodate huge pools of assets moving in or out of our funds".
This may work for pools of assets, such as mortgages, the behaviour of which can be actuarially assessed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com