A pension fund, also known as a superannuation fund in some countries, is any program, fund, or scheme which provides retirement income. The U.S. Government's Social Security Trust Fund, which oversees $2.57 trillion in assets, is the world's largest public pension fund. Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold about USD$6 trillion in assets. In 2012, PricewaterhouseCoopers estimated that pension funds worldwide hold over $33.9 trillion in assets, the largest for any category of institutional investor ahead of mutual funds, insurance companies, currency reserves, sovereign wealth funds, hedge funds, or private equity.
A closed-end fund (CEF), also known as a closed-end mutual fund, is an investment vehicle fund that raises capital by issuing a fixed number of shares at its inception, and then invests that capital in financial assets such as stocks and bonds. After inception it is closed to new capital, although fund managers sometimes employ leverage. Investors can buy and sell the existing shares in secondary markets.
An exchange-traded fund (ETF) is a type of investment fund that is also an exchange-traded product, i.e., it is traded on stock exchanges. ETFs own financial assets such as stocks, bonds, currencies, debts, futures contracts, and/or commodities such as gold bars. Many ETFs provide some level of diversification compared to owning an individual stock.
A charitable organization or charity is an organization whose primary objectives are philanthropy and social well-being.
The Bureau of the Public Debt was an agency within the Fiscal Service of the United States Department of the Treasury. United States Secretary of the Treasury Timothy Geithner issued a directive that the Bureau be combined with the Financial Management Service to form the Bureau of the Fiscal Service in 2012.
Usmanu Danfodiyo University, Sokoto (UDUS), also known as UDUSOK, is a public research university located in the city of Sokoto, in north-western Nigeria. It is one of the initial twelve universities founded in Nigeria by the federal government in 1975.
The UTI Mutual Fund was carved out of the erstwhile Unit Trust of India (UTI) as a Securities and Exchange Board of India-registered mutual fund on 1 February 2003. UTI Mutual Fund was launched by the Government of India in 1963, and it is one of the oldest mutual fund companies in India.
Inland Revenue or Inland Revenue Department is the public service department of New Zealand charged with advising the government on tax policy, collecting and disbursing payments for social support programmes, and collecting tax.
The statutory and fiduciary mandate of the State Board of Administration of Florida (SBA) is to invest, manage and safeguard assets of the Florida Retirement System (FRS) Trust Fund as well as the assets of a variety of other funds. The SBA manages 25 different investment funds and trust clients.
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to:
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Malaysia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the Malaysian federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Malaysian federal budget to the Parliament.
Federal University Gashua (FUGashua) is a university based in Yobe State, northeastern Nigeria. It is a learning and research institution that seeks to solve the immediate needs of society and give every person the opportunity to acquire knowledge.
The State of Wisconsin Investment Board (SWIB), created in 1951, is an independent state agency responsible for managing the assets of the Wisconsin Retirement System, the State Investment Fund (SIF), and other state trust funds. As of December 31, 2023, SWIB managed over $156 billion in assets.
Musa Babayo is a Nigerian banker, businessman, politician, and elder states-man who was the National Secretary of the PDP National Working Committee from 2012 to 2015 prior to joining the All Progressives Congress (APC) on 15 October 2015. He was the Deputy National Secretary of the party from 2008 to 2011 before later becoming the National Secretary.
The Federal Polytechnic, Nasarawa, abbreviated FPN, is a tertiary institution in Nasarawa, Nasarawa State, Nigeria commonly referred to as FedPolyNas or simply FPN. The school was established on 1 July 1983 by the Federal Government of Nigeria to foster technological development in the society. In 2019, the school matriculated over 3,681 students, 2,361 being National Diploma and 1,320 being Higher National Diploma students. The Rector as of November 2020, Abdullahi Ahmed, revealed to National Information Technology Development Agency (NITDA) boss in Abuja, the desire of the institution to become a reference point in terms of adequate ICT infrastructure and standard training facilities and how much had been invested so far.
The Universal Basic Education Commission simply known as UBEC is a Nigeria's Federal government Agency that has the mandate to formulate and coordinate all programmes of the Universal Basic Education programme prescribe the minimum standards for basic education in Nigeria. The Universal Basic Education Commission (UBEC) was established by the Compulsory, Free Universal Basic Education and Other Related Matters Act of 2004 to eradicate illiteracy, ignorance and poverty as well as to stimulate and accelerate national development, political consciousness and national integration to fulfil the national philosophy and goals of education which underlines with the country’s aspiration to social, economic and political development.
Arc.Sunday Sylva Togo Echono is a Nigerian diplomat, and architect who serves as the 9th Executive Secretary of Tertiary Education Trust Fund from 2022 till-date. Previously, Echono served as the Secretary of the Admissions Committee of the Nigerian Institute of Architects and the 28th President of the Nigerian Institute of Architects from 2019 to 2021.
Abdullahi Baffa Bichi is a Nigerian academician and politician who served as the Executive Secretary of the Tertiary Education Trust Fund TETFund from 2016 to 2019. He also served as the Secretary to the State Government of Kano State from 2023 to December 2024 under the administration of Governor Abba Kabir Yusuf.
The Nigerian Education Loan Fund (NELFUND) is a pivotal financial institution established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024. It was signed into law by President Bola Tinubu on 3 April 2024, marking a historic step towards ensuring sustainable higher education and functional skill development for Nigerian students and young people.
Ghana Education Trust Fund (GETFund) is a public trust set up by the Government of Ghana to fund education in the country. It was established in Ghana by Ghana Education Trust Fund Act, 2000, Act 581. The GETFund is financed with 2.5% of the value-added tax or VAT and has to provide special financial support to public educational institutions under the Ministry of Education for development and maintenance of academic facilities.
