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Quantitative Finance · Glosario

¿Qué es Sovereign wealth fund, defined-benefit pension plan?

También llamado: sovereign wealth fund · defined-benefit pension plan

Definition 8.2 The Industry: Firms, Roles and Careers · Capítulo 8 — Asset Managers, Pensions, Sovereign Funds and Insurers

A sovereign wealth fund is a special-purpose investment fund owned by a general government, created for macroeconomic purposes, that invests (among other things) in foreign financial assets. A defined-benefit pension plan promises its members a fixed, pre-established benefit at retirement, so that the investment risk falls on the sponsor and the plan’s assets are managed against the promised benefits.

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