This issue marks the 37th year that Pensions & Investments has profiled leading institutional money managers.
For this special look at 2009 — a year that brought some respite to managers battered by the markets of 2008 — we profiled 721 management firms, all of which completed a questionnaire that covers the spectrum from worldwide assets to worldwide institutional to U.S. institutional tax exempt. Within the U.S. institutional tax-exempt arena, we further break the assets into invest-- ment classes and, then, into management styles.
All asset management firms are allowed to provide information for the survey; the only qualification for inclusion in the database is that the firm must manage assets for U.S. institutional tax-exempt institutions such as qualified pension plans, endowments or foundations.
(More detailed information on the worldwide assets of the qualified respondents — including asset mix, absolute-return strategies and regional breakout of the firms' clients — will be published in a separate report June 28. A ranking of the largest managers in the world will be published Oct. 18.)
All qualified firms may be included on the charts and tables that are published in the issue, but only the largest 50 firms — ranked by worldwide institutional assets — are profiled in the issue. Profiles of all qualified managers, as well as more charts and tables, are available here.
P&I contacted more than 1,100 banks, trust companies, insurance companies and independent investment management firms in North America and abroad. The data contained in the stories, profiles, charts and tables in this directory issue and on the website were developed by P&I staff from the firms' answers to the detailed, online questionnaire and through follow-up e-mails and phone calls.
All information, except where noted, is as of Dec. 31.
As in previous years, managers were asked to provide the investment mix of the U.S. institutional tax-exempt assets under internal management; the amount invested for defined contribution plans, defined benefit plans, and endowments and foundations; areas of investment capabilities; dollar amounts invested in various asset classes and investment strategies; and the names of the chief investment officer and client contact.
A special report focusing on managers of real estate assets will be published in a separate, detailed directory Sept. 20. More information on managers' defined contribution business will appear Oct. 4.
All data in this special report are &Copy;2010 Crain Communications Inc. Reproduction without permission is prohibited.