Asset Management may be one of the few areas of the finance industry in which there are public sector institutions doing a similar thing to private sector ones. I'm thinking of some of the sovereign wealth funds or investment corporations, such as the Norwegian Pension Fund NBIM, Singapore's GIC or Australia's Future Fund. Obviously these guys work differently in that they don't collect fees the same way and don't go out looking for investors or worry about those investors pulling their money out.
But what are the implications of this for their culture, investment process and just generally for what it's like working there? There might not be many here who know this for sure, but if anyone does, I'd be quite keen to find out!
