These investments used to be considered as safe as houses as they were designed to protect investors from big swings in the market, partly through investing in a wide spread of assets, and partly via a 'smoothing' mechanism.
The announcement should be received well as a deal like this has been perceived as difficult to execute due to the geographic spread of the assets and the requirement to try and align eleven different governments.
"Based on the inquiries received by the special liquidators since their appointment in February, and the diversity and spread of the assets that will be on offer, it is expected that there will be strong interest," KPMG, which was appointed as the bank's special liquidator, said in a statement.
Similarly, spreads on asset-backed bonds (such as mortgage-backed securities) have tripled since the end of August.
For the Iron Lady and her generals, the whole point of spreading asset ownership was to bind the middle classes by self-interest to the upper classes.
With China's swelling reserves providing the wherewithal for more and more of these deals, this seems to be a conscious policy change by Beijing in the hope they will constrain foreign concerns about the global spread of Chinese capital into real assets–and at a time when U.S. and European financial firms are stepping up complaints that they have only limited access in the opposite direction.
The point is that Jay-Z might be an underrated asset in the spread of Nets fandom, globally and locally.
"The size of our asset base, the spread of the losses and the resilience of the reinsurance programs in place are important in coming to this conclusion".
You need to have your nest egg spread among different types of assets, not just a few.
"If the stigma of mortgage-related extendable-asset-backed commercial paper spreads to asset-backed commercial paper as a whole, you could see bailout events," said Peter G. Crane, president of Crane Data, the publisher of a newsletter about money market mutual funds.
