Thoughts on working in asset management for an insurance firm vs “pure” asset management. Outside of the fact that Insurers take on less risk, is it generally all the same?

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Simple fact - when you work for asset manager your goal is to beat the benchmark, insurance is the asset-liability management. Slightly different mindset. In pure asset management, you can do a top-down analysis, selecting individual companies. In insurance, you are likely to be an asset allocator and have more heavy allocation to fixed income and private equity.

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