Welcome to Pensions & Investments' second annual Databook.
In the pages that follow, readers will find a collection of charts, tables and statistics on a variety of investment management subjects. This compendium is a reference book for tax-exempt fund executives and those who provide services to them, including money managers, consultants and other vendors.
The bulk of the content is from the pages of P&I during 2002. As regular readers know, Pensions & Investments publishes a vast amount of data about pension funds and institutional investors every year, mostly from our own surveys. Our goal with Databook is to capture most of that data in one place. Among the highlights are the two big rankings undertaken jointly with Watson Wyatt Worldwide - one on the world's largest pension funds, and one on the world's largest money managers.
Other rankings from P&I included in Databook are the 50 largest international/global money managers with U.S. tax-exempt assets under management; the 50 largest index fund managers; the 50 largest managers of defined contribution/401(k) assets; and the 50 largest real estate money managers, covering real estate equity, mortgages, timber, real estate investment trusts and hybrid debt.
From our big issue in May you'll find a listing of the 100 largest money managers with U.S. tax-exempt assets under management. (You won't, however, find our annual listings and rankings that appear early in the year. That's because the new ones are due out so soon that the old ones would become obsolete too quickly. So, for example, statistics from Pension &Investments' annual directory of the nation's largest pension funds aren't in Databook because the 2003 directory will be published Jan. 20.) Except for correcting obvious errors, the information on the pages that follow is identical to what we published during the year. It is not updated.
We've also tapped outside sources to provide information we hope will help our readers do their jobs more effectively. This includes a ranking of the 50 largest hedge funds of funds from InvestHedge; a list of the 100 largest foundations from The Foundation Center and data showing the growth of foundations over a 15-year period; a ranking of the 50 largest endowments from the National Association of College and University Business Officers; and a table from Hennessee Group LLC showing the 10-year growth of hedge fund assets and the number of hedge funds.
Also featured is a set of three tables showing the 15-year growth of U.S. private equity, venture capital and buyout investments. Thomson Financial provided the statistics, with help from Venture Economics, the National Venture Capital Association, PricewaterhouseCoopers and MoneyTree.