Scalein equity asset management may benefit the asset manager who is collecting fees, but it does not seem to provide a corresponding benefit for his clients.
The details were revealed in the 2008 Offender Management Caseload Statistics, which reveals details about the scale of the prison and probation workload.
With the paperwork expected to follow as much as days later, there is the potential for a breakdown approaching the scale of the Long-Term Capital Management hedge fund debacle, which all but crushed Wall Street in 1998.
BlackRock has thrived in recent years for two reasons it has had a particular strength in bonds during a bull market for such instruments, and the bond side of investment management seems to benefit from scale.