Fund Managers

* A fund manager is responsible for implementing a fund's investment strategy and managing its trading
activities.

* They oversee mutual funds or pensions, manage analysts, conduct research, and make important
investment decisions.

* Most fund managers are highly educated, have professional credentials, and possess management
experience.

Categories of Fund Managers

* Active Managers - try to outperform their peers and the benchmark indexes. They buy and sell stocks
to rake greater returns.

* Passive Managers - applies the same weighting in his or her portfolio as the underlying index. Rather
than trying to outperform the index, passive fund managers normally try to mirror its returns.

Non-Stock Savings and Loan Association

* Republic Act No. 8367 or Revised Non-Stock Savings and Loan Association Act of 1997.

* A non-stock, non-profit corporations engaged in the business of accumulating the savings of its
members and using such accumulations for extending credit to them.

* Provides long term financing for home building, development and for personal finance.

* Borrow money or incur such obligations not exceeding twenty percent (20%) of the total assets of the
Association, from any lending institution.

* The Monetary board can may raise the ceiling to an amount not exceeding (30%) of its total assets.

* The number of the Association's creditors shall not exceed nineteen (19) at any one time.

Mutual Building and Loan Association

* It refers to all corporation, whose capital stock is required or is permitted to be paid in by the
stockholders in regular, equal periodic payments.
Private Insurance Companies

* Are corporations which undertakes to indemnify another against loss, damage or liability arising from
an unknown or contingent event by a contract of Insurance.

* Generates income largely from maturing policies and operating costs.

* General Insurance, Life Insurance, Non-life insurance and Reinsurance.

Venture Capital Corporations (VCCs)

* Entities are jointly organized by private banks.

* Also called risk capital.

* Gives funding to the startup company in exchange for equity in the startup.

* Established under Presidential Decree No. 1688 dated on April 1980.

GOVERNMENT NON-BANK FINANCIAL INSTITUTIONS

Government Service Insurance System (GSIS)

* Government owned and controlled corporation of Philippines.

* Created by Commonwealth Act No. 186 and Republic Act No. 8291.

* A social insurance institution that provides a defined benefit scheme under the law.

Social Security System

* A system of federally funded services and payments to help support the needy, the aged, and the
temporarily unemployed as well as providing support for needy, dependent, disabled, or neglected
children, rehabilitation for the disabled, and a host of other social services.

* It is funded by payroll taxes paid by workers and employers.

Philippine Veterans Investment Corporation (PHILVIDEC)

* Government owned and controlled corporation created under P.D No. 243, as amended by P.D No.
918.

* It promotes the well being of the veterans and retirees of the Armed Forces of the Philippines.

National Home Mortgage Finance Corporations (NHMFC)

* Major government home mortgage institution.

* Purchase mortgages originated by both public and private institutions.