The sleeping giant of Valley Forge
A triumvirate of US asset managers dominate passive investment. Between them, State Street Global Advisors (SSgA), Vanguard and Barclays Global Investors (BGI) manage over $3.5trn (€2.3trn). But while BGI and SSgA have built hedge fund and active management businesses, and have swept up business in European pension markets, Vanguard has ...
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