The asset management industry is huge, growing in size, especially in Asia, and increasingly dominated by a small number of giant companies. Asset management includes traditional “institutional” investors such as pension funds, insurance companies, mutual funds and money management companies, plus hedge funds. There are economies of scale in asset management: you can manage $1… Continue Reading
Tag Archives: asset management
What is a sovereign wealth fund?
A sovereign wealth fund (SWF) is an organisation that manages financial and other assets on behalf of a government or nation. But what about the holdings of foreign exchange reserves by central banks? These assets, often much larger in size, are not regarded as SWFs. So what’s the difference? This question arose for me last… Continue Reading