This special report is a first for Pensions & Investments.
For more than 35 years, P&I has surveyed leading institutional money managers, asking them about their worldwide assets and then drilling down to their U.S. institutional tax-exempt client money.
But each year, information on the worldwide business seemed to get lost in the sea of data and stories on U.S. institutional tax-exempt assets. So this year, we decided to break the survey data into two parts. (The first, our traditional look at the U.S. institutional tax-exempt market, was published May 31.)
This report, the Largest U.S. Money Managers - Part II, starts with a ranking of the largest managers based on worldwide assets under management. We then look at the allocation of those assets as well as the dispersion of clients among key regions.
This enhanced focus includes rankings of managers of mutual fund assets (including for the first time unit trusts and offshore funds); absolute-return strategies and hedge funds; as well as managers ranked by assets run for central banks, sovereign wealth funds and insurance companies.
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.
P&I contacted more than 1,100 banks, trust companies, insurance companies and independent investment management firms in North America and abroad. The information contained in stories, profiles, charts and tables in this directory issue and on our website (pionline.com) came from answers to a detailed, online questionnaire and follow-up e-mails and phone calls. All information, except where noted, is as of Dec. 31.
All data in this special report are &Copy;2010 Crain Communications Inc. Reproduction without permission is prohibited.