as BSAM, as a small division of Bear Stearns, contributed to the overall profitability of Bear Steams. As a factual matter, BSAM — in comparison to Fixed Income, Equities, or other divisions within Bear Stearns — had the least impact on the corporation's bottom line. There was absolutely nothing in the mathematical f

t classes and research. Investment experts assess the macro-economic environment and outlook, indentifying and analyzing key market drivers. for Fixed Income, Equities, Alternatives and Multi Assets is reviewed and challenge The decisions taken at the CIO Day are presented in our CIO View which includes: Macro-