The big investment managers really don't own anything as the assets are not really theirs. They might exercise voting power etc., but really comes down to the p

The big investment managers really don't own anything as the assets are not really theirs. They might exercise voting power etc., but really comes down to the preferences of the actual investors/asset owners. There might be a case that most investors/asset owners don't care enough about what ownership means, though. (SWFs are a different animal)