Asset (or investment) management is the study of managing
portfolios of assets, typically including stocks, bonds and/or
cash, for individuals and/or firms. Management of those assets
takes place by professional investment firms. These are mutual
funds, pension funds, and hedge funds. Mutual funds pool
household savings and invest in stocks and bonds with the
purpose of generating good returns. Pension funds pool
retirement contributions and invest long term to generate funds
for paying future pensions. Hedge funds raise funds with the
purpose of generating high returns by taking advantage of
arbitrage opportunities in the capital markets. The funds
comprise of senior managers with extensive experiences in the
area of investments assisted by a group of associates and
analysts. Senior managers, such as mutual or pension fund
managers, are responsible for defining the investment strategy
of the fund. Associates and analysts provide support by
analyzing and valuing specific assets (stocks, bonds, etc) and
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