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A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
In 1993, David Tepper and Jack Walton, founded Appaloosa Management, an employee-owned hedge fund, in Chatham, New Jersey. [4] [5] Throughout the 1990s, the firm was known as a junk bond investment boutique, [6] and through the 2000s it was known as a hedge fund. [7]
The Vanguard Group, Inc. (commonly known as simply Vanguard) is an American registered investment advisor founded on May 1, 1975 and based in Malvern, Pennsylvania, with about $9.3 trillion in global assets under management as of May 2024. [3]
The firm specializes in Australian equities and serves both retail and institutional investors through a conservative value-based investment style with a long-term perspective. [2] As at December 2019, the company had over $9 billion in funds under management [3] and its flagship and largest fund is the $2.6 billion IML Australian Share Fund.
Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map).. JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase.
John Washington Rogers Jr. (born March 31, 1958) is an American investor and founder of Ariel Capital Management (now Ariel Investments, LLC), [1] founded in 1983. [2] He is chairman and co- CEO of the company, [ 3 ] which is the United States' largest minority-run mutual fund firm. [ 4 ]
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