INTERACTIVE

The P&I/Towers Watson World 500: World’s largest money managers

The P&I/Towers Watson World 500: World's largest money managers
Ranked by total assets under management, in U.S. millions, as of Dec. 31, 2013.
RankManagerCountryTotal assets
1 BlackRock (BLK)U.S.$4,324,088
2 Vanguard GroupU.S.$2,752,919
3Allianz GroupGermany$2,392,531
4State Street GlobalU.S.$2,344,789
5 Fidelity InvestmentsU.S.$2,159,845
6J.P. Morgan ChaseU.S.$1,601,983
7 Bank of New York Mellon (BK)U.S.$1,582,982
8AXA GroupFrance$1,532,156
9Capital GroupU.S.$1,338,805
10BNP ParibasFrance$1,325,176
11Deutsche BankGermany$1,270,602
12 Prudential FinancialU.S.$1,107,029
13UBSSwitzerland$1,095,904
14 AmundiFrance$1,069,771
15 Goldman Sachs Group (GS)U.S.$1,042,000
16HSBC HoldingsU.K.$921,000
17Northern Trust Asset Mgmt.U.S.$884,473
18 Franklin Templeton (BEN)U.S.$879,139
19Natixis Global Asset Mgmt.France$867,193
20Wellington Mgmt.U.S.$834,405
21 Invesco (IVZ)U.S.$778,187
22 MetLifeU.S.$771,661
23Legal & General GroupU.K.$741,960
24PrudentialU.K.$730,254
25Generali GroupItaly$699,843
26Aegon GroupNetherlands$692,430
27T. Rowe PriceU.S.$692,400
28 Legg Mason (LM)U.S.$679,475
29MassMutual FinancialU.S.$639,000
30Ameriprise FinancialU.S.$635,200
31Mitsubishi UFJ Financial Group1Japan$635,020
32Wells FargoU.S.$627,800
33Sumitomo Mitsui Trust & BankJapan$609,720
34 Morgan Stanley (MS)U.S.$608,045
35Nippon Life InsuranceJapan$600,461
36 TIAA-CREFU.S.$598,817
37Sun Life FinancialCanada$598,304
38Affiliated Managers GroupU.S.$537,300
39Principal FinancialU.S.$483,200
40ZenkyorenJapan$479,200
41Great-West LifecoCanada$477,847
42Crédit SuisseSwitzerland$466,810
43Schroder Invesment Mgmt.U.K.$433,451
44Northwestern MutualU.S.$425,765
45Samsung GroupSouth Korea$416,060
46AvivaU.K.$396,548
47 New York Life InvestmentsU.S.$388,536
48 Federated Investors (FII)U.S.$376,084
49Royal Bank of CanadaCanada$373,996
50Zurich Financial ServicesSwitzerland$341,547
51 Dimensional Fund AdvisorsU.S.$337,523
52Macquarie Group1Australia$330,617
53Old MutualU.K.$327,122
54Munich REGermany$314,052
55Meiji Yasuda Life Insurance2Japan$306,287
56Standard LifeU.K.$303,564
57Nomura Asset Mgmt.Japan$301,467
58Aberdeen Asset Mgmt.U.K.$294,109
59Union InvestmentGermany$291,839
60Intesa SanPaoloItaly$291,813
61Shinkin Central Bank1Japan$284,886
62DZ BANKGermany$283,855
63 Eaton Vance (EV)3U.S.$280,669
64Voya FinancialU.S.$274,342
65Blackstone GroupU.S.$265,758
66Manulife Asset Mgmt.Canada$260,126
67Lloyds Banking GroupU.K.$250,288
68BankiaSpain$250,248
69Charles Schwab InvestmentU.S.$248,493
70 Neuberger BermanU.S.$241,725
71 ING Investment Mgmt. Int'lNetherlands$239,699
72Unicredit GroupItaly$239,425
73Dekabank GroupGermany$233,741
74SEBSweden$227,534
75Mizuho Financial GroupJapan$227,525
76NordeaDenmark$227,091
77BB Gestao de RecursosBrazil$226,309
78Societe GeneraleFrance$225,762
79 Dodge & CoxU.S.$224,417
80Sumitomo Life Insurance2Japan$222,300
81 Nuveen InvestmentsU.S.$220,504
82Banco Santander CentralSpain$215,234
83TD Asset Mgmt.Canada$210,915
84Hartford FinancialU.S.$209,366
85Banco do BrasilBrazil$208,929
86Banco SabadellSpain$205,283
87Lombard Odier InvestmentSwitzerland$197,950
88La PosteFrance$196,854
89PGGMNetherlands$194,754
90Commonwealth Bank GroupAustralia$187,352
91Brookfield Asset Mgmt.Canada$186,970
92LazardU.S.$186,924
93Resona BankJapan$185,559
94BRADESCOBrazil$181,321
95Swiss Life Asset ManagersSwitzerland$174,148
96Pioneer Global Asset Mgmt.Italy$173,925
97Janus Capital GroupU.S.$173,895
98Geode Capital Mgmt.U.S.$173,181
99Guggenheim InvestmentsU.S.$171,837
100Itau UnibancoBrazil$169,427
101Baillie GiffordU.K.$167,955
102Stifel FinancialU.S.$165,600
103BBVASpain$165,192
104Nikko Asset Mgmt.Japan$161,000
105Pictet Asset Mgmt.2Switzerland$158,309
106 SEI Investments (SEIC)U.S.$155,732
107 Bridgewater AssociatesU.S.$150,100
108ScotiabankCanada$145,470
109Crédit MutuelFrance$145,231
110American CenturyU.S.$139,001
111Le Groupe LCF RothschildFrance$137,660
112Lord, AbbettU.S.$137,265
113SwedbankSweden$137,137
114F&C Asset Mgmt.U.K.$135,366
115Danske BankDenmark$134,168
116Dai-ichi Life InsuranceJapan$133,000
117 TCW GroupU.S.$131,881
118MNNetherlands$129,731
119NAB/MLC4Australia$128,743
120GAM HoldingSwitzerland$128,465
121PNC FinancialU.S.$127,192
122Waddell & ReedU.S.$126,543
123AMP CapitalAustralia$124,411
124 Henderson Global InvestorsU.K.$124,051
125BMO Global Asset Mgmt.Canada$123,696
126IGM Financial GroupCanada$123,192
127Royal London GroupU.K.$121,348
128GE Asset Mgmt.U.S.$119,076
129Talanx GroupGermany$118,814
130Grantham, Mayo v. OtterlooU.S.$116,575
131GroupamaFrance$116,336
132ORIXJapan$115,995
133Pearl GroupU.K.$113,108
134Covéa GroupFrance$111,642
135Investec Asset Mgmt.South Africa$110,163
136 Artisan Partners (APAM)U.S.$105,477
137AQR Capital Mgmt.U.S.$103,565
138 Nationwide FinancialU.S.$102,101
139Dexia Asset Mgmt.Belgium$100,492
140NISA InvestmentU.S.$99,042
141Union Bancaire PrivéeSwitzerland$98,483
142Thornburg InvestmentU.S.$94,410
143 Kohlberg Kravis RobertsU.S.$94,320
144First Eagle InvestmentU.S.$92,511
145General Re - New EnglandU.S.$91,203
146MapfreSpain$90,922
147 CBRE Global InvestorsU.S.$89,100
148PRIMECAPU.S.$87,863
149KutxabankSpain$85,734
150BCVSwitzerland$85,598
151EFG InternationalSwitzerland$85,344
152CI FinancialCanada$85,155
153Baloise Asset Mgmt.Switzerland$84,872
154DnB NORNorway$84,753
155 Mesirow FinancialU.S.$84,563
156Oaktree CapitalU.S.$83,605
157 MercerU.S.$83,600
158Aquiline CapitalU.S.$83,424
159 Payden & RygelU.S.$82,809
160Westpac Banking1Australia$82,782
161LSV Asset Mgmt.U.S.$82,292
162 Wilmington TrustU.S.$82,154
163Storebrand GroupNorway$79,527
164Vontobel Asset Mgmt.Switzerland$77,596
165IDUNA GruppeGermany$77,365
166 Research AffiliatesU.S.$76,723
167 Ashmore GroupU.K.$75,300
168OFI AMFrance$75,300
169Caixa Economica Federal5Brazil$74,528
170Ares Mgmt.U.S.$74,005
171Pacific Century GroupHong Kong$73,500
172SanlamSouth Africa$73,494
173CIBC Asset Mgmt.Canada$72,766
174Fiera CapitalCanada$72,451
175 Mondrian Investment PartnersU.K.$70,356
176Sumitomo Mitsui Asset Mgmt.Japan$70,218
177Warburg GruppeGermany$68,968
178Anima HoldingItaly$68,830
179VidacaixaSpain$68,830
180QICAustralia$67,232
181Delta LloydNetherlands$67,178
182Erste-Sparinvest Kapitalanlage6Austria$66,765
183Industrial Alliance InsuranceCanada$64,882
184Zürcher KantonalbankSwitzerland$63,334
185Stone Harbor InvestmentU.S.$62,265
186Monte dei Paschi di SienaItaly$62,093
187 William BlairU.S.$61,979
188Fortress Investment GroupU.S.$61,750
189 Brown Brothers HarrimanU.S.$61,551
190BTG PactualBrazil$61,405
191SNS Asset Mgmt.Netherlands$60,846
192Raymond JamesU.S.$60,505
193China Asset Mgmt.China$58,660
194Versicherungskammer BayernGermany$58,567
195Fukoku Mutual Life InsuranceJapan$58,523
196Swisscanto Asset Mgmt.Switzerland$58,281
197KBLLuxembourg$58,092
198Virtus InvestmentU.S.$57,740
199Tokio Marine Holdings1Japan$55,860
200Northern CrossU.S.$55,411
201Irish Life Investment ManagersIreland$55,064
202Harvest Fund Mgmt.China$54,523
203UBI BancaItaly$54,450
204Svenska HandelsbankenSweden$54,300
205Man InvestmentsU.K.$54,100
206 Fisher InvestmentsU.S.$53,644
207 American Beacon AdvisorsU.S.$53,371
208JupiterU.K.$52,267
209OP Bank GroupFinland$52,173
210 Marathon-LondonU.K.$50,863
211Manning & NapierU.S.$50,826
212RecordU.K.$50,783
213RidgeWorth CapitalU.S.$50,336
214 Arrowstreet CapitalU.S.$50,053
215PFM Asset Mgmt.U.S.$49,964
216Coronation Fund ManagersSouth Africa$49,771
217Daiwa Securities Group2Japan$49,033
218Royal Bank of ScotlandU.K.$48,969
219Davis AdvisorsU.S.$48,174
220LaSalle InvestmentU.S.$47,989
221MediolanumItaly$47,646
222 GAMCO Investors (GBL)U.S.$47,010
223FolksamSweden$46,941
224Brown AdvisoryU.S.$46,330
225Connor,Clark & Lunn FinancialCanada$46,120
226Cohen & SteersU.S.$45,907
227City NationalU.S.$45,001
228LGT GroupSwitzerland$44,366
229IFM InvestorsAustralia$44,323
230CommerzbankGermany$44,051
231F Van LanschotNetherlands$43,914
232Fort WashingtonU.S.$43,794
233 Partners GroupSwitzerland$43,501
234Kempen Capital Mgmt.Netherlands$43,267
235BerenbergGermany$41,436
236 Hermes Fund ManagersU.K.$41,410
237UMB FinancialU.S.$41,400
238KBC GroupBelgium$41,376
239Metzler Asset Mgmt.Germany$40,174
240NKSJ Holdings2Japan$39,932
241ChallengerAustralia$39,914
242Robert W. BairdU.S.$39,758
243Bank DegroofBelgium$39,095
244Landesbank Hessen-ThuringenGermany$39,068
245Ohio NationalU.S.$38,800
246National Bank of Canada3Canada$38,593
247Uniqa Finanz GroupAustria$37,696
248STANLIBSouth Africa$37,414
249 Strategic Investment GroupU.S.$37,257
250Income Research & Mgmt.U.S.$37,224
251China Southern Fund Mgmt.China$37,144
252 DuPont CapitalU.S.$36,838
253 HarbourVest PartnersU.S.$36,593
254Allan Gray ProprietarySouth Africa$36,483
255Beutel GoodmanCanada$36,262
256Desjardins GroupCanada$35,477
257Southeastern Asset Mgmt.U.S.$35,073
258Mirae Asset Financial GroupSouth Korea$34,963
259 RhumbLine AdvisersU.S.$34,694
260MMI Holdings7South Africa$34,653
261Caixa Gestão de ActivosPortugal$34,500
262 Fayez SarofimU.S.$34,261
263 Starwood CapitalU.S.$34,240
264Ameritas Mutual HoldingU.S.$34,100
265Jarislowsky, FraserCanada$33,748
266NürnbergerGermany$33,217
267AGF Mgmt.Canada$33,159
268GLC Asset Mgmt. GroupCanada$33,052
269Bosera Asset Mgmt.China$32,313
270Bank SyzSwitzerland$32,229
271D.E. Shaw GroupU.S.$32,006
272Bank J. Safra SarasinSwitzerland$31,507
273Caixa Geral de DepósitosPortugal$31,057
274 Van Eck AssociatesU.S.$31,013
275Greystone ManagedCanada$30,845
276Reliance CapitalIndia$30,322
277Raiffeisen ZentralbankAustria$30,133
278 Clarion PartnersU.S.$29,973
279Northill Capital8U.K.$29,900
280Hamilton LaneU.S.$29,522
281Gruppo AzimutItaly$29,488
282SECOR Asset Mgmt.U.S.$29,328
283 Commerce TrustU.S.$29,285
284Mirabaud GroupSwitzerland$29,197
285 HeitmanU.S.$29,138
286Artemis Investment Mgmt.U.K.$28,546
287 First Pacific AdvisorsU.S.$28,305
288Arca SGRItaly$28,223
289 HinesU.S.$28,161
290Causeway CapitalU.S.$27,999
291 Brock Fiduciary ServicesU.S.$27,970
292Advantus CapitalU.S.$27,814
293Safra5Brazil$27,730
294 RS InvestmentsU.S.$27,698
295Korea Investment Holdings2South Korea$27,247
296Antares CapitalAustralia$27,062
297 Fifth Third BancorpU.S.$27,000
298Brandes InvestmentU.S.$26,913
299Pathway CapitalU.S.$26,772
300 ICMA RetirementU.S.$26,555
301 Calamos Advisors (CLMS)U.S.$26,543
302PrologisU.S.$26,432
303Quoniam Asset Mgmt.Germany$26,018
304 Hotchkis & WileyU.S.$25,957
305 Baron Capital GroupU.S.$25,368
306Letko BrosseauCanada$25,208
307 Adams Street PartnersU.S.$25,085
308Angelo, GordonU.S.$25,000
309Pzena InvestmentU.S.$24,976
310HuntU.S.$24,750
311 CommonfundU.S.$24,604
312Sprucegrove InvestmentCanada$24,572
313E Fund Mgmt.4China$24,534
314Gruppo Bancario Credito EmilianoItaly$24,348
315Boston Private FinancialU.S.$24,280
316Shenkman CapitalU.S.$24,069
317AJOU.S.$23,965
318Cutwater Asset Mgmt.U.S.$23,898
319Eagle CapitalU.S.$23,873
320ESAFPortugal$23,843
321Investment SolutionsSouth Africa$23,800
322Blue Sky GroupNetherlands$23,402
323 Renaissance TechnologiesU.S.$23,399
324 EARNEST PartnersU.S.$23,249
325Bentall KennedyU.S.$23,235
326Universal-InvestmentGermany$23,097
327 Colchester Global InvestorsU.K.$22,986
328J O Hambro Capital Mgmt.U.K.$22,958
329Royal & SunAllianceU.K.$22,753
330Perpetual7Australia$22,448
331Frankfurt-TrustGermany$22,026
332First Republic InvestmentU.S.$21,800
333COMGESTFrance$21,750
334Oak Hill AdvisorsU.S.$21,320
335Providence EquityU.S.$21,273
336Fred Alger Mgmt.U.S.$21,116
337Gruppo BipiemmeItaly$20,924
338SCORFrance$20,924
339Fiduciary Mgmt./MilwaukeeU.S.$20,651
340Platinum Investment Mgmt.Australia$20,572
341Mawer Investment Mgmt.Canada$20,567
342 BOK FinancialU.S.$20,285
343 Inland GroupU.S.$20,000
344King Street CapitalU.S.$19,800
345 International Value AdvisersU.S.$19,545
346 Wasatch AdvisorsU.S.$19,277
347PetercamBelgium$19,243
348Highland Capital (Texas)U.S.$19,168
349Magellan Asset Mgmt.Australia$18,961
350Westwood HoldingsU.S.$18,931
351Victory CapitalU.S.$18,775
352Carnegie InvestmentSweden$18,665
353Banco Popolare SocietàItaly$18,061
354Wintrust FinancialU.S.$18,000
355Penn Mutual LifeU.S.$17,900
356Burgundy Asset Mgmt.Canada$17,724
357Munder CapitalU.S.$17,650
358HDFC Asset Mgmt.India$17,602
359OddoFrance$17,483
360Westfield CapitalU.S.$17,368
361World Asset Mgmt.U.S.$17,121
362T&D Asset Mgmt.Japan$17,072
363Perennial InvestmentAustralia$16,954
364HexavestCanada$16,851
365ASB Capital Mgmt.U.S.$16,700
366Huntington BancsharesU.S.$16,700
367Mutual of AmericaU.S.$16,670
368Co-operators GroupCanada$16,642
369Fullgoal FundChina$16,580
370BankinterSpain$16,485
371Hanwha GroupSouth Korea$16,428
372Los Angeles CapitalU.S.$15,896
373AAMU.S.$15,630
374Unigestion1Switzerland$15,500
375Madison InvestmentU.S.$15,483
376Close Brothers Group9U.K.$15,326
377Kepler Fonds KAG10Austria$15,253
378 Guardian CapitalCanada$15,237
379Vinva Investment Mgmt.Australia$14,772
380Luther King CapitalU.S.$14,722
381Banco VotorantimBrazil$14,673
382 Cramer Rosenthal McGlynnU.S.$14,573
383Gruppo Banca CarigeItaly$14,454
384Leith Wheeler InvestmentCanada$14,311
385 Montag & CaldwellU.S.$14,221
386Tortoise CapitalU.S.$14,189
387Lend Lease Investment Mgmt.Australia$14,019
388Sit InvestmentU.S.$13,985
389Birla Sun Life Asset Mgmt.India$13,727
390GPT GroupAustralia$13,487
391 Amalgamated BankU.S.$13,346
392 Edinburgh PartnersU.K.$13,132
393 Numeric InvestorsU.S.$13,087
394Grupo MarchSpain$12,972
395WHV InvestmentU.S.$12,696
396 C.S. McKeeU.S.$12,549
397 Horsley Bridge PartnersU.S.$12,500
398 Cantillon Capital Mgmt.U.S.$12,450
399 USAA Real EstateU.S.$12,420
400Odey Asset Mgmt.U.K.$12,306
401Foyston, Gordon & PayneCanada$12,258
402Diamond Hill CapitalU.S.$12,186
403EII Capital Mgmt.U.S.$12,172
404Driehaus CapitalU.S.$12,167
405UTI Asset Mgmt.India$12,008
406 Westbrook PartnersU.S.$11,943
407 Pacific Income AdvisersU.S.$11,829
408Grupo Banco PopularSpain$11,711
409 Prime AdvisorsU.S.$11,701
410Caixa Catalunya GroupSpain$11,654
411 Colony CapitalU.S.$11,600
412Iridian Asset Mgmt.U.S.$11,451
413Tocqueville Asset Mgmt.U.S.$11,447
414Kornitzer CapitalU.S.$11,320
415Piper JaffrayU.S.$11,232
416Canso Investment CounselCanada$11,218
417Gulf International BankU.K.$11,200
418Marathon Asset Mgmt.U.S.$11,200
419BPIPortugal$11,164
420 Bahl & GaynorU.S.$11,078
421 StepStone GroupU.S.$10,966
422WEDGE CapitalU.S.$10,842
423 DRA AdvisorsU.S.$10,572
424Value PartnersHong Kong$10,489
425State Bank of IndiaIndia$10,427
426Rainier InvestmentU.S.$10,419
427 Parnassus InvestmentsU.S.$10,395
428Herndon CapitalU.S.$10,210
429 Sage Advisory ServicesU.S.$10,123
430Silvercrest Asset Mgmt.U.S.$10,093
431Denver InvestmentsU.S.$10,009
432 EnTrust CapitalU.S.$9,954
433 Rock Creek GroupU.S.$9,900
434KGALGermany$9,808
435Synovus FinancialU.S.$9,800
436Jacobs Levy EquityU.S.$9,756
437 Horizon KineticsU.S.$9,727
438BOCI-PrudentialHong Kong$9,654
439 SkyBridge CapitalU.S.$9,625
440 RamiusU.S.$9,544
441 Segall Bryant & HamillU.S.$9,468
442New Brunswick Investment2Canada$9,442
443Charter HallAustralia$9,441
444 Martin CurrieU.K.$9,217
445Ausbil Investment Mgmt.Australia$9,026
446JCP Investment PartnersAustralia$9,018
447 Ariel InvestmentsU.S.$8,992
448Pacific Alternative AssetU.S.$8,988
449Neptune InvestmentU.K.$8,866
450MKP CapitalU.S.$8,750
451Kyobo Life InsuranceSouth Korea$8,698
452 Kimco RealtyU.S.$8,575
453DePrince, Race & ZolloU.S.$8,517
454KBSU.S.$8,515
455 TT InternationalU.K.$8,484
456Turner InvestmentsU.S.$8,429
457 Cambiar InvestorsU.S.$8,418
458 London Co.U.S.$8,401
459Progress InvestmentU.S.$8,359
460Analytic InvestorsU.S.$8,289
461Opportunity5Brazil$8,253
462Maple-Brown Abbott InvestmentAustralia$8,233
463Cornerstone InvestmentU.S.$8,211
464Boston Trust & InvestmentU.S.$8,200
465Johnson Investment CounselU.S.$8,195
466Opus InvestmentU.S.$8,161
467McKinley CapitalU.S.$8,135
468HFA HoldingsAustralia$8,085
469 Rockwood CapitalU.S.$8,023
470Abbott CapitalU.S.$7,888
471 Crestline InvestorsU.S.$7,800
472Rongtong Fund Mgmt.1China$7,753
473Glenmede InvestmentU.S.$7,663
474PENN CapitalU.S.$7,636
475InvestaAustralia$7,631
476Advent CapitalU.S.$7,591
477Paradice Investment Mgmt.Australia$7,542
478Cooper InvestorsAustralia$7,529
479Lion Fund Mgmt.1China$7,524
480Peregrine Holdings2South Africa$7,483
481 Chartwell InvestmentU.S.$7,457
482IbercajaSpain$7,434
483Hastings Funds Mgmt.Australia$7,400
484 Stockbridge Capital GroupU.S.$7,304
485DongbuSouth Korea$7,260
486Caisse de Depôt et PlacementCanada$7,234
487Jensen InvestmentU.S.$7,209
488Beach Point CapitalU.S.$7,202
489Lupus AlphaGermany$7,158
490DDJ CapitalU.S.$7,145
491Westwood GlobalU.S.$7,140
492BNGNetherlands$7,136
493Samson CapitalU.S.$7,076
494Capital At Work GroupBelgium$7,075
495RARE InfrastructureAustralia$7,070
496Brown CapitalU.S.$7,019
497Chandler Asset Mgmt.U.S.$6,999
498 Rohatyn GroupU.S.$6,987
499Yapi Kredi Asset Mgmt.Turkey$6,883
500SPARX GroupJapan$6,831
 Total$76,428,132
Notes: 1 As of March 31, 2014; 2 As of March 31, 2013; 3 As of Oct. 31, 2013; 4 As of Sept. 30, 2013; 5 As of April 30, 2014; 6 As of Nov. 30, 2013; 7 As of June 30, 2013; 8 As of June 30, 2014; 9 As of Jan. 31, 2014; 10 As of Feb. 28, 2014.