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A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.
A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income.
An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, real estate investment trusts, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or Real estate investment trusts.
Pacific Investment Management Company LLC is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities and other financial assets across public and private markets. PIMCO is one of the largest investment managers, actively managing more than $2 trillion in assets for central banks, sovereign wealth funds, pension funds, corporations, foundations and endowments, and individual investors around the world. According to the Sovereign Wealth Fund Institute, PIMCO is the 6th-largest asset manager in the world by managed AUM.
Permal Group is a global investment management firm focused on hedge funds and private equity funds products for international investors. Permal, founded in 1973, operates one of the oldest fund of hedge funds and manages approximately $22 billion in assets. Clients include sovereign wealth funds, pension funds, endowments, foundations, insurance companies, family offices, private banks and high-net-worth individuals. Its CEO is Omar Kodmani and its Chairman is Isaac R. Souede. Permal is headquartered in London, with offices in New York, Boston, Singapore, Paris, Nassau, Dubai, Hong Kong, and Beijing.
Wilshire Associates, Inc. is an American independent investment management firm that offers consulting services and analytical products and manages fund of funds investment vehicles for a global client base. Wilshire manages capital for more than 600 institutional investors globally representing more than $8 trillion of capital. Wilshire is also known for the creation of the Wilshire 5000 stock index in 1974 and more recently the Wilshire 4500 stock index.
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institution—or a decentralized network protocol manages and invests, typically on behalf of its clients. Funds may be managed for clients, platform users, or solely for themselves, such as in the case of a financial institution which has mutual funds or holds its own venture capital. The definition and formula for calculating AUM may differ from one entity to another.
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"Manager of managers" (MoM) is an investment approach by institutions who proprietary manage capital. Different investment managers are selected and investment mandates given to them. The allocated capital is then managed in Separate Managed Accounts by the respective selected asset managers. It is a solution often offered by big asset management divisions from investment banks but also independent alternative asset managers like hedge fund firms or private equity firms. The solution is typically applied by investors when investing in alternatives as simple investments as government bonds or money market investments can be managed by one single asset management firm like BlackRock.
A sovereign wealth fund (SWF), or sovereign investment fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity funds or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign exchange reserves held by the central bank.
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding capital stocks, bonds, and cash.
Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.
The Sovereign Wealth Fund Institute is an American corporation analyzing public asset owners such as sovereign wealth funds and other long-term governmental investors. Initially, the Sovereign Wealth Fund Institute focused solely on sovereign wealth funds. It has branched out to cover all types of public institutional investors. The institute sells its subscription and API/datafeed services as a financial data vendor but provides information to the media as well.
Investment outsourcing is the process whereby institutional investors and high-net-worth families engage a third party to manage all or a portion of their investment portfolio. This arrangement can include functions such as establishing the asset allocation, selecting investment managers, implementing portfolio decisions, providing on-going oversight, performing risk management and other areas of portfolio management.
Steven Edward Drobny is an American hedge fund advisor and published author. He is the founder of Clocktower Group, a consulting and investment advisory business focused on fundamental discretionary global macro and commodity hedge fund strategies. Drobny is the author of The Invisible Hands: Top Hedge Funds on Bubbles, Crashes and Rethinking Real Money and Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets
GoldenTree Asset Management is an American asset management firm that was founded in 2000. The firm has its headquarters in New York City and offices in West Palm Beach, Florida, Charlotte, North Carolina, Dublin, London, Singapore, Sydney, Tokyo, and Dubai.
Geode Capital Management, LLC (Geode) is an American investment management firm based in Boston, Massachusetts.
References
- ↑ http://www.thecityuk.com/assets/Uploads/Fund-Management-2012.pdf%5B%5D
- ↑ "As world wealth increased to $37.2 trillion in 2006" (PDF). Archived from the original (PDF) on 2008-09-10. Retrieved 2008-03-18.
- ↑ "Asset and wealth management revolution 2024". pwc.com. Retrieved 2024-12-25.
- 1 2 "Viewpoint - Who Owns the Assets?" (PDF). blackrock.com. Retrieved 2024-12-25.
- ↑ "Asset Management 2020 - A Brave New World" (PDF). pwc.com. Retrieved 2024-12-25.
- ↑ TheCityUK - Fund Management 2012 [ permanent dead link ]
- ↑ The Future Size of the Global Real Estate Market [ permanent dead link ]
- ↑ "The global real estate market is on pace to grow by nearly one half to $13.7 trillion". Archived from the original on 2008-09-07. Retrieved 2008-03-18.
- ↑ Foreign exchange reserves of the world
- ↑ Sovereign wealth funds grow to $3,980bn
- ↑ "Global Hedge Fund Asset Report". Archived from the original on 2014-02-25. Retrieved 2014-02-25.
- ↑ Preqin calculates horizon IRRs using cash flow data for over 1,700 private equity funds, comprising partnerships valued at more than $1.6 trillion in total. [ permanent dead link ]
- ↑ "The total market capitalization of publicly listed REITs around the world reached US$764 billion, up 25% from the previous year". Archived from the original on 2008-03-14. Retrieved 2008-03-18.
- ↑ Regaining momentum in wealth management - Roland Berger Strategy Consultants, page 15
- ↑ http://www.agefi.fr/sites/agefi.fr/files/fichiers/2016/07/bcg-doubling-down-on-data-july-2016_tcm80-2113701.pdf [ bare URL PDF ]
- ↑ UBS Asset Management Invested Assets as at 31 March 2015
- ↑ "Guidance Statement on Composite Definition" (PDF). gipsstandards.org. Retrieved 2024-12-25.
- ↑ "Oversubscribed - LPs - Endowments - Foundations - Pensions". oversubscribed.com. Retrieved 2024-12-25.
- ↑ "Institutional LPs - Endowments - Foundations - Pension Funds". institutionallps.com. Retrieved 2024-12-25.