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December 22, 2008 12:00 AM

P&I/Watson Wyatt world's 300 largest managers

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    P&I/Watson Wyatt world's 300 largest managers
    Ranked by total assets, in millions, as of Dec. 31, 2007.
    RankPrev. rank*ManagerCountryAssets
    12Barclays Global InvestorsU.K.$2,078,699
    23State Street GlobalU.S.$1,979,000
    35Allianz GroupGermany$1,956,580
    44AXA GroupFrance$1,886,721
    56Fidelity InvestmentsU.S.$1,862,145
    67Capital GroupU.S.$1,549,598
    78Deutsche BankGermany$1,402,153
    89Vanguard GroupU.S.$1,364,891
    910BlackRockU.S.$1,356,644
    101UBSSwitzerland$1,231,280
    1112JPMorgan ChaseU.S.$1,198,050
    12Bank of New York MellonU.S.$1,121,138
    1314Legg MasonU.S.$994,336
    1415BNP ParibasFrance$954,297
    1516ING GroupNetherlands$946,601
    1617NatixisFrance$869,258
    1722Goldman Sachs GroupU.S.$853,264
    1825HSBC HoldingsU.K.$844,000
    1918AIG InvestmentsU.S.$813,065
    2021Northern Trust GlobalU.S.$757,200
    2119Credit AgricoleFrance$748,054
    2220AvivaU.K.$727,908
    2328Fortis GroupBelgium$655,758
    2424Morgan StanleyU.S.$654,549
    2523Prudential FinancialU.S.$647,772
    2629Franklin TempletonU.S.$643,745
    2730Bank of AmericaU.S.$643,531
    2827Societe GeneraleFrance$640,101
    2911Credit SuisseSwitzerland$614,000
    3037Legal & General GroupU.K.$590,509
    3126Wellington Mgmt.U.S.$588,376
    3232Generali GroupItaly$586,280
    3331MetLifeU.S.$558,600
    3435Old MutualSouth Africa$557,050
    3533Aegon GroupNetherlands$546,427
    3639Nippon Life Insurance1Japan$519,860
    3738MassMutual FinancialU.S.$505,445
    3836InvescoU.K.$500,100
    3934PrudentialU.K.$485,896
    4046Mitsubishi UFJ Financial1Japan$445,084
    4142Rabobank GroupNetherlands$443,770
    4240TIAA-CREFU.S.$435,317
    4343Sun Life FinancialCanada$433,497
    4441Ameriprise FinancialU.S.$409,000
    4545Manulife FinancialCanada$404,021
    4693Great-West LifecoCanada$401,794
    4747T. Rowe PriceU.S.$400,000
    48Intesa SanPaoloItaly$390,575
    4948Unicredito ItalianoItaly$378,505
    5049Hartford FinancialU.S.$371,700
    5144Zenkyoren1Japan$364,775
    5254DZ BANKGermany$355,440
    5351Northwestern MutualU.S.$348,747
    5458KBC Asset Mgmt.Belgium$340,803
    5552Wells FargoU.S.$336,200
    5660Mizuho Financial GroupJapan$321,236
    5750Zurich Financial ServicesSwitzerland$315,693
    5862Principal FinancialU.S.$311,100
    5989Samsung Group1South Korea$306,322
    6055Dai-ichi Mutual Life1Japan$306,047
    6167Federated InvestorsU.S.$296,989
    6263ABN AMRO Asset Mgmt.Netherlands$290,825
    6353Standard LifeU.K.$285,443
    64104Swiss RESwitzerland$284,822
    6569Lehman Brothers HoldingsU.S.$280,806
    6666Affiliated Managers GroupU.S.$274,764
    6759Evergreen InvestmentsU.S.$274,697
    6870Meiji Yasuda Life InsuranceJapan$273,000
    6964Schroder InvestmentU.K.$272,640
    7065MEAG Munich ERGOGermany$266,586
    7168Sumitomo Trust & Banking2Japan$263,829
    7281Caisse de Depot et PlacementCanada$261,153
    7388DGZ DekabankGermany$260,928
    7478Nomura HoldingsJapan$255,474
    7585Pictet & Cie.Switzerland$250,000
    7673Lloyds TSBU.K.$245,270
    7756Charles Schwab InvestmentU.S.$239,497
    7876Dodge & CoxU.S.$235,172
    7971New York Life Invest. Mgmt.U.S.$234,441
    8077NordeaDenmark$231,237
    8157Shinkin Central Bank1Japan$227,172
    8291Sal. Oppenheim Jr.Germany$223,873
    8382Sumitomo Life Insurance1Japan$223,218
    8472Banco Santander CentralSpain$222,367
    8587BBVASpain$222,072
    8684Insight InvestmentU.K.$218,766
    8790SEBSweden$214,076
    8896Janus Capital GroupU.S.$206,706
    8980F&C Asset Mgmt.U.K.$206,147
    90103Aberdeen Asset Mgmt.U.K.$204,783
    91Chuo Mitsui Trust1Japan$203,491
    92116CommerzbankGermany$200,602
    9383GE Asset Mgmt.U.S.$189,694
    94111TD Asset Mgmt.Canada$169,337
    95121EFG GroupSwitzerland$167,902
    96101Nuveen InvestmentsU.S.$164,300
    9794General Motors Asset Mgmt.U.S.$164,180
    98113Royal Bank of CanadaCanada$161,875
    99112Eaton Vance3U.S.$161,700
    100106Dexia Asset Mgmt.Belgium$160,420
    101102T&D HoldingsJapan$159,466
    102100Resona Trust & Banking Japan$158,340
    103107Lombard Odier Darier HentschSwitzerland$156,000
    10498Lincoln NationalU.S.$152,774
    105115Dimensional Fund AdvisorsU.S.$152,550
    106105Grantham, Mayo v. OtterlooU.S.$152,243
    10795Bridgewater AssociatesU.S.$147,430
    108129Colonial First StateAustralia$144,899
    109124LazardU.S.$141,413
    110119Life Insurance of India1India$141,235
    111134Universal-Investment4Germany$134,290
    11297Sumitomo Mitsui Insurance1Japan$133,864
    113109Daiwa Securities Group1Japan$133,789
    114127GroupamaFrance$129,402
    11592SEI InvestmentsU.S.$129,000
    116126Banco SabadellSpain$127,517
    117130IGM Financial GroupCanada$125,363
    118143Banco do BrazilBrazil$124,279
    119141Danske BankDenmark$123,012
    120145Banco Itau HoldingBrazil$122,903
    121131Credit MutuelFrance$122,541
    122117Henderson Global InvestorsU.K.$117,784
    123118ResolutionU.K.$114,508
    124120Brandes InvestmentU.S.$111,682
    125122Lord, AbbettU.S.$110,202
    12699Swiss Life GroupSwitzerland$109,651
    127114Nationwide FinancialU.S.$109,387
    128142Macquarie Bank GroupAustralia$107,855
    129138Baillie GiffordU.K.$107,363
    130132FAF AdvisorsU.S.$107,045
    131136DnB NORNorway$105,854
    132133Davis AdvisorsU.S.$105,161
    133137Tokio Marine & Nichido Fire5Japan$103,254
    134Blackstone GroupU.S.$102,430
    135128American CenturyU.S.$102,352
    136139Zurcher KantonalbankSwitzerland$99,187
    137110AMPAustralia$97,564
    138146Talanx GroupGermany$96,766
    13961Julius Baer HoldingSwitzerland$96,683
    140125Investec Group1South Africa$96,634
    141153Brookfield Asset Mgmt.Canada$95,000
    142164SwedbankSweden$94,694
    143192Mn ServicesNetherlands$94,102
    144135Nikko Asset Mgmt.Japan$87,451
    145186Reserve Mgmt.U.S.$86,747
    146155Mirae Asset Financial GroupSouth Korea$86,732
    147156Banco BradescoBrazil$86,103
    148144KeyCorpU.S.$85,442
    149158Caixa Catalunya GroupSpain$82,620
    150148Regions FinancialU.S.$80,000
    151170National Australia Bank2Australia$79,118
    152Mitsui Life Insurance1Japan$78,842
    153163Geode Capital Mgmt.U.S.$78,026
    154UBI BancaItaly$76,929
    155150RidgeWorth CapitalU.S.$76,199
    156166Bank SarasinSwitzerland$73,700
    157198Queensland InvestmentAustralia$73,609
    158154LSV Asset Mgmt.U.S.$73,209
    159PNC FinancialU.S.$73,000
    160167Man InvestmentsU.K.$71,700
    161286Korea Investment Holdings1South Korea$71,266
    162173Royal Bank of ScotlandU.K.$70,106
    163172Phillips, Hager & NorthCanada$69,814
    164108HermesU.K.$69,721
    165152Bank of IrelandIreland$68,838
    166178CIBC GroupCanada$66,747
    167149SanlamSouth Africa$66,470
    168Banco Popolare SocietàItaly$66,352
    169157BCVSwitzerland$66,182
    170165Royal London GroupU.K.$66,165
    171182MapfreSpain$66,013
    172191Waddell & ReedU.S.$64,868
    173179Mondrian InvestmentU.K.$64,338
    174162PRIMECAPU.S.$63,717
    175159MBIA Asset Mgmt.U.S.$63,340
    176171Raiffeisen CapitalAustria$61,664
    177169American Beacon AdvisorsU.S.$60,928
    178206Union Bancaire PriveeSwitzerland$58,701
    179188IDUNA GroupGermany$58,325
    180174Jarislowsky FraserCanada$57,278
    181175Payden & RygelU.S.$57,004
    182190Erste-SparinvestAustria$56,263
    183185SwisscantoSwitzerland$55,829
    184184Artisan PartnersU.S.$55,458
    185123BMO Financial GroupCanada$55,376
    186207Record CurrencyU.K.$54,812
    187187GartmoreU.K.$54,161
    188177Asahi Mutual Life InsuranceJapan$53,003
    189232Thornburg InvestmentU.S.$52,923
    190228Oaktree CapitalU.S.$52,143
    191216Irish Life & Permanent GroupIreland$52,065
    192288Wilshire Funds Mgmt.U.S.$51,580
    193193Cathay Life Insurance1Taiwan$51,282
    194200MediolanumItaly$50,958
    195199LaSalle InvestmentU.S.$50,454
    196204STANLIBSouth Africa$50,337
    197220Metzler Seel SohnGermany$50,007
    198180Hanwha GroupSouth Korea$49,590
    199208William BlairU.S.$48,982
    200189FirstRand Group6South Africa$48,916
    201210Versicherungskammer BayernGermany$48,851
    202209Helaba GroupGermany$48,423
    203183Sompo Japan Insurance1Japan$47,918
    204181Fukoku Mutual Life Insurance1Japan$47,818
    205197Calamos AdvisorsU.S.$46,208
    206213OP Bank GroupFinland$46,100
    207214New Star Asset Mgmt.U.K.$45,894
    208235Warburg GroupGermany$44,922
    209211Marathon Asset Mgmt.U.K.$44,912
    210196Arca SGRItaly$44,220
    211168Vontobel GroupSwitzerland$44,152
    212147La Poste5France$43,939
    213205Arnhold & S. BleichroederU.S.$43,879
    214202Brown Brothers HarrimanU.S.$43,873
    215221CommonfundU.S.$43,082
    216195Phoenix Cos.U.S.$42,548
    217218Monte dei Paschi di SienaItaly$42,412
    218219Southeastern Asset Mgmt.U.S.$42,143
    219230Storebrand GroupNorway$42,075
    220224McLean BuddenCanada$41,975
    221JupiterU.K.$41,282
    222203La CaixaSpain$41,249
    223251Les Mutuelles du MansFrance$39,625
    224223Highland Capital (Texas)U.S.$39,521
    225243Desjardins GroupCanada$39,316
    226244Bank Degroof2Belgium$39,247
    227249Connor, Clark & LunnCanada$38,281
    228246NISA InvestmentU.S.$37,931
    229234Caja MadridSpain$37,899
    230278Caixa Economica FederalBrazil$37,895
    231255CB Richard Ellis InvestorsU.S.$37,845
    232236Westpac2Australia$37,628
    233261City NationalU.S.$37,269
    234238Raymond James Financial2U.S.$37,110
    235248Boston Private FinancialU.S.$36,565
    236270Ashmore InvestmentU.K.$36,500
    237St. James's PlaceU.K.$36,351
    238239Caixa Gestao de ActivosPortugal$36,054
    239240Wilmington TrustU.S.$35,712
    240253Bayerischen LandesbankGermany$35,384
    241237AQR Capital Mgmt.U.S.$35,100
    242254Allan GraySouth Africa$34,402
    243Baloise Asset Mgmt.Switzerland$34,342
    244China Asset Mgmt.China$34,028
    245266Caja EspanaSpain$33,924
    246280Industrial Alliance, InsuranceCanada$33,428
    247231Fifth Third BancorpU.S.$33,400
    248250GothaerGermany$33,139
    249257Munder CapitalU.S.$32,969
    250245Fort WashingtonU.S.$32,450
    251225Fayez SarofimU.S.$32,446
    252281Greystone ManagedCanada$32,254
    253272PFM Asset Mgmt.U.S.$32,206
    254256PerpetualAustralia$31,821
    255260Uniqa Finanz GroupAustria$31,731
    256241Smith BreedenU.S.$31,634
    257271HUK CoburgGermany$31,567
    258276Martin CurrieU.K.$31,340
    259UnibancoBrazil$31,060
    260259GAMCO InvestorsU.S.$31,013
    261212Bear Stearns Asset Mgmt.U.S.$30,545
    262Boshi Fund Mgmt.China$30,379
    263252Allegiant Asset Mgmt.U.S.$30,333
    264295Mesirow FinancialU.S.$30,057
    265273BB&TU.S.$30,023
    266247Cohen & SteersU.S.$29,786
    267292Wiener StadtischeAustria$29,709
    268Northern CrossU.S.$29,538
    269298SNS Asset Mgmt.Netherlands$29,408
    270287Addenda CapitalCanada$29,296
    271291Turner InvestmentU.S.$29,119
    272267National Bank of CanadaCanada$28,440
    273PetercamBelgium$28,412
    274262DuPont CapitalU.S.$28,380
    275Harvest Fund Mgmt.China$28,377
    276Berenberg BankGermany$28,100
    277SCORFrance$28,017
    278269Oddo et CieFrance$27,984
    279285NurnbergerGermany$27,819
    280227Hotchkis & WileyU.S.$27,693
    281258Aronson + Johnson + OrtizU.S.$27,377
    282E Fund Mgmt.China$26,968
    283268ESAF6Portugal$26,950
    284263Gruppo BipiemmeItaly$26,600
    285275Royal & SunAllianceU.K.$26,520
    286China Southern FundChina$26,454
    287289Grupo Banco PopularSpain$26,442
    288297M & I InvestmentU.S.$25,678
    289Arrowstreet CapitalU.S.$25,516
    290293Gruppo Bancario EmilianoItaly$25,280
    291Kaupthing Bank GroupIceland$25,012
    292Alte Leipziger HoldingGermany$24,959
    293Renaissance TechnologiesU.S.$24,894
    294296Ohio NationalU.S.$24,700
    295LBBWGermany$24,600
    29626540/86 AdvisorsU.S.$24,585
    297Metropolitan West AssetU.S.$24,471
    298Gulf International BankU.K.$24,100
    299290NFU MutualU.K.$24,092
    300Research AffiliatesU.S.$23,813
    * Previous rank is from the 2007 P&I Databook, Dec. 24, 2007, non-adjusted for retroactive corrections.

    Footnotes: 1As of March 31, 2008;

    2As of Sept. 30, 2007;

    3As of Oct. 31, 2007;

    4As of June 30, 2008;

    5As of May 31, 2008;

    6As of June 30, 2007

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