The Perils of Liquidity As Market Assets Grow Balancing a Manager's Price Goals With Ease of Trad
Traders Magazine, March 1999
Four years ago, a large equity holding at Nicholas Applegate Capital Management was 250,000 shares. In 1995, the San Diego money manager had $13.3 billion in assets under management.
Today, Nicholas Applegate has $32 billion in assets, while large positions, or core equity holdings, easily exceed a million shares.
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