Assets Under Management (AUM) for Various Kinds of Funds - Pension Funds, Hedge Funds, Private Equity and Mutual Funds

2009 ◽  
Author(s):  
Aravind M.S. ◽  
Bikram Pattanaik
Keyword(s):  
Mutual Funds ◽  
Hedge Funds ◽  
Private Equity ◽  
Pension Funds

The Rise of State-Owned Investors: Sovereign Wealth Funds and Public Pension Funds

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
William L. Megginson ◽  
Diego Lopez ◽  
Asif I. Malik
Keyword(s):  
Hedge Funds ◽  
Private Equity ◽  
Academic Research ◽  
Pension Funds ◽  
State Ownership ◽  
Public Pension ◽  
Annual Review ◽  
Publication Date ◽  
New Governance ◽  
Sovereign Wealth Funds

State-owned investors (SOIs), including sovereign wealth funds and public pension funds, have $27 trillion in assets under management in 2020, making these funds the third largest group of asset owners globally. SOIs have become the largest and are among the most important private equity investors, and they are key investors in other alternative asset investments such as real estate, infrastructure, and hedge funds. SOIs are also leaders in promoting environmental, social, and governance policies and corporate social responsibility policies in investee companies. We document the rise of SOIs, assess their current investment policies, and describe how their state ownership both constrains and enhances their investment opportunity sets. We survey the most impactful recent academic research on sovereign wealth funds, public pension funds, and their closest financial analogs, private pension funds. We also introduce a new Governance-Sustainability-Resilience Scoreboard for SOIs and survey research examining their role in promoting good corporate governance. Expected final online publication date for the Annual Review of Financial Economics, Volume 13 is November 2021. Please see http://www.annualreviews.org/page/journal/pubdates for revised estimates.

scholarly journals The Rise of Institutional Investors

2019 ◽  
Author(s):  
Jan Fichtner
Keyword(s):  
Mutual Funds ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Private Equity ◽  
Short Term ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Important Position ◽  
State Street ◽  
Asset Managers

During the last decades, institutional investors gained an ever more important position as managers of assets and owners of corporations. By demanding (short-term) shareholder value, some of them have driven the financialization of corporations and of the financial sector itself. This chapter first characterizes the specific roles that private equity funds, hedge funds, and mutual funds have played in this development. It then moves on to focus on one group of institutional investors that is rapidly becoming a pivotal factor for corporate control in many countries – the “Big Three” large passive asset managers BlackRock, Vanguard and State Street.

Introducing Hedge Funds

2021 ◽  
pp. xviii-32
Author(s):  
Douglas Cumming ◽  
Sofia Johan ◽  
Geoffrey Wood
Keyword(s):  
Mutual Funds ◽  
Hedge Funds ◽  
Private Equity ◽  
Financial Regulation ◽  
Hedge Fund ◽  
Limited Partnership ◽  
Equity Funds ◽  
Private Equity Funds ◽  
Performance Activism

This introduction reviews recent research on hedge funds. The Handbook of Hedge Funds comprises 21 chapters from authors around the world. The chapters describe hedge fund industry governance, flows, limited partnership contracts, compensation, fund strategies, performance, activism, effects on investee firms, misconduct, misreporting, fraud, and financial regulation. Further, the chapters highlight differences with other types of intermediaries, such as private equity funds and mutual funds. The chapters feature both US and international analyses. This introductory chapter summarizes papers that appear in the handbook, provide a theoretical framework for research on hedge funds, and highlight research trends on topic.

Behavioral Aspects of Portfolio Investments

2017 ◽  
Author(s):  
Nathan Mauck
Keyword(s):  
Mutual Funds ◽  
Behavioral Finance ◽  
Asset Allocation ◽  
Hedge Funds ◽  
Pension Funds ◽  
Exchange Traded Funds ◽  
Behavioral Biases ◽  
Wide Range ◽  
Money Managers ◽  
Selection Of

Investors are inextricably linked to financial institutions, money managers, and the products they market. Mutual funds, exchange-traded funds (ETFs), hedge funds, and pension funds manage or hold roughly $55 trillion in combined wealth. This chapter examines these topics with a behavioral finance approach, focusing on two main ideas: the performance and rationality of each group, and the behavioral biases that relate to individuals’ selection of particular investments within each group. Research indicates that actively managed mutual funds and hedge funds underperform passive investments. Pension funds generate alpha of roughly zero on a risk-adjusted basis. The fees involved in investing in such funds exacerbate the observed underperformance in mutual funds and hedge funds. Behavioral biases provide one perspective on sources of underperformance. Further, individuals exhibit a wide range of behavioral biases that may lead to suboptimal asset allocation, including the selection of mutual funds, ETFs, and hedge funds.

scholarly journals Die Rolle von Finanzinvestoren beim Umbau der deutschen Ökonomie

2008 ◽  
Vol 38 (150) ◽  
pp. 129-143
Author(s):  
Martin Beckmann
Keyword(s):  
Hedge Funds ◽  
Private Equity ◽  
German Economy ◽  
Financial System ◽  
Pension Funds ◽  
Insurance Companies ◽  
Industrial Companies ◽  
Long Time

The German economy, for long time characterised by a bank based financial system with capital and personal linkages between the main financial and industrial economies, has been transformed since the 1990s to a market orientated economy. Particularly German banks and insurance companies sold many of their stakes in industrial companies. This gap has been filled by new financial investors like pension funds, hedge funds and private equity.

Contrarian Hedge Funds and Momentum Mutual Funds

2012 ◽  
Author(s):  
Massimo Massa ◽  
Andrei Simonov ◽  
Shan Yan
Keyword(s):  
Mutual Funds ◽  
Hedge Funds
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