Wellington Management Co. LLP managed the most assets as a subadviser of any money manager in Pensions & Investments' annual survey with $325 billion in assets. The recently expanded deal with Hartford Financial Service Group adds to that lead. Other top players in the subadvisory business are Wells Capital Management Inc., Pacific Investment Management Co. LLC, BlackRock Inc. and Manulife Asset Management. Looking at the other side of the coin, Vanguard Group Inc., Wells Fargo Funds Management Group, Prudential Financial, Russell Investments and SEI Investments outsource a little more than $1 trillion to other money managers.
For a full list of managers with subadviser assets and money managers that outsource their assets, visit the P&I Research Center.
