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What are these asset prices?
Among these asset managers, only Allianz responded to requests for comment.
These asset bubbles have been most dramatic in the US and UK.
These asset owners do not need to lobby governments over such issues.
But investors can now find funds in these asset classes charging significantly less.
Because these asset managers can operate on a longer horizon than banks, they can avoid distress sales.
Similar(7)
It is waging a fight against mortgage originators, arguing that these asset-backed securities did not so much contain "assets" as that term is commonly understood.
These asset-management companies lift the weight of bad loans off the books of banks, at a big discount to their value when they were extended, freeing banks to provide credit for new ventures.
Investors here are nervous about further financial landmines, not necessarily at major institutions like Deutsche Bank, but at smaller banks, which analysts said were attracted to the rich returns of these asset-backed securities and might not have properly understood the risks buried in them.
Bass says the rating agencies are way behind the curve in downgrading these asset-backed securities.
The thinking is apparently that Didi's IPO, which is said to be in the planning stages, would run smoother without these asset-heavy businesses involved.
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CEO of Professional Science Editing for Scientists @ prosciediting.com