This report, the Largest Money Managers - Worldwide, starts with a ranking of the managers based on worldwide institutional assets under management. That's a switch from the 2010 report, when the key ranking was based on total worldwide assets. We made the change so that this report would fit in clearly between our other two major money manager reports — the largest managers of U.S. institutional tax-exempt assets, which ran May 30, and the P&I/Towers Watson World 500, which will be published Oct. 31 and ranks managers around the globe on total worldwide AUM.
This enhanced focus includes rankings of managers of mutual fund assets; 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.
Pensions & Investments contacted more than 1,100 banks, trust companies, insurance companies and independent investment management firms in North America and abroad. The information contained in the stories charts and tables 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;2011 Crain Communications Inc. Reproduction without permission is prohibited.