They are paid to screen managers, to pick the best and to diversify clients' holdings none of which they did properly in this case.
Such lax credit has allowed the chaebol to build recklessly huge factories, and to diversify into businesses in which they have no expertise.
"In my perception, the raw materials market was overvalued -- we had a strategy to leave and to diversify, " Prokhorov said of his decision.
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Chinese authorities are tired of buying government bonds from the United States and seek to acquire more productive assets and to diversify their holdings.
Tilting at Billiton now would also be financially risky for Anglo, especially given the promises by its boss, Tony Trahar, to show financial discipline and to diversify the firm away from its South African roots.
Bush's take on the peace process marked a theme in his Sunday remarks, as the president called on regional leaders to embrace democracy and freedom and to diversify their often oilcentric economies amid widespread initiatives to develop alternative sources of fuel.
Look for this pattern to continue in 2013 as China continues to wean itself from the U.S. dollar and to diversify its holdings to include a larger basket of currencies, as well as hard assets in Europe, the United States, South America and Africa.
Along with international- and emerging-market stocks, our global portfolio includes allocations to gold and commodities, which tend to have low correlations to the US dollar and help to diversify portfolios (for more on gold as a diversifier, please read blog post: The New Gold Rush?).
In the pharmaceutical business, the company committed to several purchases in the past like Solvay and Piramal to diversify its portfolio and expand into emerging markets.
Wall Street bankers routinely tout hedge funds as a way for institutions such as pension funds and endowments to diversify and manage risk.
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The buy, hold and rebalance approach to investing is one of the simplest and most effective ways to diversify and prosper in the financial markets over the long-term.
The parent of British Gas, it is exposed to fossil-fuel prices and keen to diversify.
The Rural Initiative Scheme is open to rural and marine companies that wish to diversify and improve their efficiency.
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The bank has also introduced 24-hour phone banking to lure younger customers, and has started to diversify into leasing, insurance and annuities.
Vietnam's government has responded to all of this by encouraging the growth of the private sector, and by trying to diversify its trade and capital flows, notably through the deal with America.
And so, my advice to a gentleman like this would be to be cautious, to diversify and not to buy anything that you don't understand.
Many are worried about the future value of RMB-denominated investments and want to diversify their holdings now.
It has redoubled efforts to sign trade and investment deals to diversify Canadian exports away from slow-growth markets, where 85% of them are now directed, and towards racy Asian economies.
His brother had invested in real estate and was keen to diversify, so they began researching popular board and card games.
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Furthermore, oil-dependent governments, facing a population boom and realizing that they need to diversify their economy to create jobs and wealth, are subsidizing the industrial sector to manufacture plastics, chemicals and aluminum, all energy-intensive goods.
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Richard Holland, one of five volunteers who run the not-for-profit company, said not many swimming pools make a profit these days and it became clear they needed to diversify to attract more users and income.
The use of debt to finance solar leases for homeowners represents a new strategy and an effort to diversify funding.
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But, there are other types of bonds and income-oriented investments that can be utilized to diversify a portfolio and mitigate risk that will continue to perform well in this environment.
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And Mediaset has failed to diversify away from recession-mired Italy and Spain.
More remarkable still, this contraction of indigenous polysilicon manufacturing capability comes at a time when the United States is acting to upgrade and diversify the supply of such militarily relevant material to the USSR.
Since options, at least on a percentage basis to the price of the stock, are relatively inexpensive, it makes so much sense to diversify and it makes so much sense never to completely expose yourself to only one side of the market, no matter how confident you are in your appraisal.
What could have a significant impact on our energy security, however, would be to invest the hundreds of billions in potential federal revenues from oil and gas royalties to accelerate clean tech innovation and deployment, helping America develop the clean and affordable energy sources needed to truly diversify our energy mix and secure our freedom from oil.
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Banga is banking on prepaid cards, e-commerce and mobile payments to diversify MasterCard's customer base.
He had earned his early money in Saudi Arabian construction projects and had yet to diversify into U.S. common stocks.
Over the last decade the city has concentrated on developing its tourism, education, financial and cultural sectors to diversify its economy, which until recently relied almost exclusively on oil production.
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