So will a spread of asset securitisation, more mutual funds and the expected growth in private pension funds.The Americans hope to grab a lot of this business, believing they can outmatch their European rivals.
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.
You need to have your nest egg spread among different types of assets, not just a few.
Similarly, spreads on asset-backed bonds (such as mortgage-backed securities) have tripled since the end of August.
Second, they invest according to "portfolio theory", trying to get the best balance of risk and return by spreading funds over a basket of assets.
McDermott says: "Spread your money across a range of assets, including cash, shares, bonds, commodities and property".
He has 77 percent of assets in stocks spread broadly worldwide and a 50 percent short position in stock index futures; that leaves a net 27 percent exposure.
Tunisian human rights campaigners and opposition members are attempting to unravel the web of assets believed to spread from Canada and South America to the Gulf, and draw up a "blacklist" of misappropriated funds and properties.
Financial economists' starting point is the investor rather than the firm: how, they ask, can people best spread their money over a range of assets (including corporate bonds and shares)?
