He put together a holding company, Diversified Asset Management Group Worldwide, to exploit inefficiencies at airports run by local authorities, who can't expand a terminal without an okay from the feds--and who are forced to offer what amounts to lifetime employment to even the least-deserving employees.
Management has diversified its source of funding away from institutional markets by acquiring banks like Maryland's Chevy Chase Bank.
"Pre-Lehman, the focus was on asset allocation" and a diversified approach to active management, says London Business School professor Elroy Dimson, who is also head of the Strategy Council for the Norway fund.
Mr. Meister contributes the type of experience and qualifications the Board seeks to maintain, primarily through his significant financial expertise in the high-tech market with experience as founder and managing partner of investment management firm and as a senior executive of a diversified holding company and investment companies overseeing the investment and management of a variety of companies, including high-tech companies.
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In a similar fashion, you can create a broadly diversified portfolio but choose an active management strategy instead of simply buying and holding to track the major indexes (which is passive management).
"Collective trusts provide the overall benefits of a mutual fund such as professional investment management, a broadly diversified portfolio of holdings, and the like generally at a much more effective price point, " says Winfield Evens, a partner and director at Aon Hewitt, a human-resources consulting firm based in Lincolnshire, Ill.
"Some have come to believe that the FDIC should not spend any time worrying about or planning for a large bank failure because these banks have become so well diversified and sophisticated in their risk management, " said FDIC Chairman Sheila Bair in a speech to the Exchequer Club in Washington, D.
Indexes used in passive portfolios and for active management benchmarking should be broadly diversified and free-float capitalization weighted.
Mark Mowrey, editor of the Prudent Speculator TechValue Report and analyst at Al Frank Asset management, cautions investors to stay diversified.
But diversified asset classes cost more to trade and involve higher management fees, expenses that eat into pension-fund returns.
Among diversified capital goods companies, Eaton had neither the celebrated management of a GE nor a reputation for consistent earnings growth like Illinois Tool Works.
Also, once you reach a certain size, you develop more sophisticated management systems that can support even larger and more diversified operations.
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These controlling families ought to be compensated for the additional costs they incur from being less diversified than other shareholders and because they invest more time in overseeing management, he contends.
Busy with a diversified empire, the Cheng elders have turned over a key role in the management of their hospitality business to granddaughter Sonia Cheng.
Known as funds-of-funds, firms such as Financial Risk Management and Synergy Fund Management have received billions of dollars from investors in order to assemble diversified portfolios of underlying hedge funds.
Looking ahead, Blackrock has diversified its business in such a way to benefit from the trend toward passive management and created many sources of revenues so that if investors want to shift among different strategies and asset classes, they can do all of this under one roof.
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One strategy: Sell off some company stock and put the proceeds into a diversified stock portfolio, says John Verfurth, a partner at HighTower Advisors' VWG Wealth Management team in Vienna, Va.
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
United Technologies is a diversified industrial blue-chip with a legacy of above-average growth and a shareholder-friendly management team and board.
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JPMorgan is one the largest and most diversified banks in the U.S., and offers services such as retail banking, commercial banking, asset management, investment banking, consumer lending and credit cards.
JPMorgan Chase is one the largest and most diversified banks in the U.S., and offers services such as retail banking, commercial banking, asset management, investment banking, consumer lending and credit cards.
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