Monday, December 27, 2010

Management Group

A management group is a term for the fund management house that runs and/or promotes a set of managed funds. It is similar to the term "fund family" or "family of funds", which refers to a set of funds offered by a single provider. There are a small amount of very large institutions that offer a wide range of funds e.g. large insurance, wealth management, investment banking, and universal banking institutions; these large institutions control much of the FUM, with niche operators accounting for the remainder outside of the large fund management groups.

Synonyms: Fund management group, Fund family, Wealth management firm, Financial institution

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