--- Connecting LPs & GPs worldwide
--- Connecting LPs & GPs worldwide
Conventional assets under management of the global fund management industry fell 19 per cent in 2008, to $61.6tr. Pension assets accounted for $24tr of the total, with $18.9tr invested in mutual funds and $18.7tr in insurance funds. Together with alternative assets (sovereign wealth funds, hedge funds, private equity funds and exchange traded funds) and funds of wealthy individuals, assets of the global fund management industry totaled around $90tr at the end of 2008, a fall of 17 per cent on the previous year.
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