"Research on short-term momentum in asset prices says that if you had a strong six months of steady asset appreciation, that tends to drive further price appreciation," he said.
Capula Investment Management posted a string of strong returns and steady asset growth, even during the depths of the crisis; assets at Capula have more than tripled since Goldman first invested in the firm, to about $13 billion today.
The wealthiest group also wasn't keen on super-steady assets like insurance and mutual funds, devoting less than 1% of their holdings to each, while the merely rich put more than twice as much of their total nest egg in these two investments.
In order to become a shared owner, you will need to have a steady job, assets and/or good credit.
"The B.O.J. will continue to pursue easy monetary policy via steady purchases of assets," he added, referring to the Bank of Japan.
What that means is that it's okay for the fund manager to have a trigger finger but the fund investor should stay put, generating a steady stream of assets and fees, year in, year out.
The deal was the latest transaction for a company built on a steady flow of asset swaps and financial shuffling.
The most recent data from iMoneyNet, a research firm, shows that money fund assets had steadied at $3.38 trillion in the week ended Tuesday night after declining almost daily for weeks.
The network's success has been built around what Leslie Moonves, the network's chief executive, described as the steady accumulation of programming assets.
Mitchell F. Hertz, a partner at the law firm of Kirkland & Ellis in charge of its energy group, said, "If you look at the sales that are getting done, they're assets with steady income streams, like regulated utilities and gas pipelines".
