Second, it had strong equity effects.
"Given how strong equity gains have been," she said, "it may be a good time to prune winners".
Daniel Kessler, global leader of BCG's wealth management division, said: "We have seen a really strong equity market that has had a very strong effect on existing assets.
Barclays said: The trends that drove Aberdeen's outperformance in 2012 of rising revenue margins and strong equity inflows are likely to continue.
We believe the Grundig brand has strong equity also in the UK and we can create a success in this market with our unique design and a strong product offering to consumers.
As for making Freeze Off a line extension of Compound W, Mr. Morais said: "One of the biggest myths is that line extensions off brands with strong equity will damage the parent brand.
But what surprised many analysts was a 64 percent decline in investment banking revenue, to 1.25 billion francs, mainly driven by a slump in fixed-income trading and sales, but even the company's traditionally strong equity operation reported a drop.
Though MedTech considered a different brand name, Mr. Blumenthal said, the company determined that "the Compound W name has such strong equity, strong consumer awareness, it would be best to present it under the Compound W name, which is instantly recognizable".
J.P. Morgan Chase considers its pain to be less than that felt by purer investment banks such as Goldman Sachs, Merrill Lynch, and Morgan Stanley, which depend more on strong equity markets and a steady flow of mergers-and-acquisitions activity.Meantime, Mr Harrison busily teaches "leadership" to his staff.
The billionaire boom reflects the big rise in global wealth thanks to strong equity and property markets and buoyant commodity prices.In this section Overview The cost of living Output, prices and jobs The Economist commodity-price index Trade, exchange rates, budget balances and interest rates The world's richest people Markets Reprints.
