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Glossary

From A to Z, discover clear and concise explanations of key terms, empowering you to make informed decisions in the dynamic world of finance with our comprehensive glossary.

An approach to asset management that involves an asset owner appointing a third party to manage their total assets through a combination of advisory and delegated investment services, with a view to achieving the asset owner's overall investment objectives. In principle, the model can be applied to the investments of any asset owner, but in practise the label is generally used in relation to the management of institutional assets (mainly pension funds) as opposed to retail assets.