Two money managers today reported they each had more than $1 trillion in assets under management as of Dec. 31.
Barclays Global Investors reported total assets under management of $1.318 trillion, an increase of 19% from 2003, according to a news release. The asset management division of Barclays PLC reported a profit before tax of $600 million on total revenues of $1.6 billion, an increase of 84% over the same period in 2003. Assets under management for the firm's exchange-traded fund business finished the year at $130 billion, up 88% over the previous year.
Fidelity Investments had $1.1 trillion in assets under management, up from $988.3 billion a year earlier, said John Brockelman, spokesman. Of that, $478.6 billion was institutional money, up from $423.7 billion at the end of 2003. The firm had $9.7 billion in new assets under management in 2004.
Also today, Alliance Capital Management and Calamos Asset Management reported their assets under management for January. Alliance reported preliminary AUM of $533 billion, down $6 billion from December, said John Meyers, spokesman. Of the total, $308 billion is institutional. Alliance had $488 billion in assets under management as of Jan. 31, 2004. Calamos had $37.5 billion in assets under management, compared with $38 billion a month earlier and $25.3 billion as of Jan. 31, 2004, said Maryellen Thielen, spokeswoman. The firm's mutual fund assets rose to $26.7 billion as of Jan. 31 from $15.9 billion a year earlier. Separately managed accounts were up $1.4 billion to $10.8 billion during that period.