"Our fee dataset includes mandates run by over 300 investment firms for over 160 institutional investors, representing $598 billion in assets under management (AUM) and $1.4 billion in total fees paid. The study covers a total of 21 different asset classes, both public and private. It also encompasses many institutional mandate vehicle types including separate accounts, commingled funds (including collective investment trusts), and various partnership types. Mutual funds are excluded from this study."
"Among our key findings:
Number of firms
This chart and the two excerpts have been sourced from the Callan report by Ivan "Butch" Cliff, Exclusive Callan Study Analyzes Investment Management Fees Paid by Institutional Investors, January 19, 2022.