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  1. Home
  2. INTERACTIVE
November 11, 2013 12:00 AM

The P&I/Towers Watson World 500: World's largest money managers

Ranked by total assets under management, in U.S. millions, as of Dec. 31, 2012.

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    RankManagerCountryTotal assets
    1BlackRockU.S.$3,791,588
    2Allianz GroupGermany$2,447,820
    3Vanguard GroupU.S.$2,215,216
    4State Street GlobalU.S.$2,086,200
    5Fidelity InvestmentsU.S.$1,888,296
    6AXA GroupFrance$1,474,568
    7J.P. Morgan ChaseU.S.$1,431,165
    8Bank of New York MellonU.S.$1,385,863
    9BNP ParibasFrance$1,303,989
    10Deutsche BankGermany$1,247,477
    11Capital GroupU.S.$1,147,411
    12Prudential FinancialU.S.$1,060,250
    13UBSSwitzerland$999,758
    14Amundi Asset Mgmt.France$961,245
    15HSBC HoldingsU.K.$910,000
    16Goldman Sachs GroupU.S.$854,000
    17Franklin TempletonU.S.$781,769
    18NatixisFrance$779,317
    19Northern Trust GlobalU.S.$758,943
    20Wellington Mgmt.U.S.$757,729
    21MetLifeU.S.$721,286
    22InvescoU.S.$687,680
    23Nippon Life InsuranceJapan$662,939
    24Legal & General GroupU.K.$655,824
    25PrudentialU.K.$654,209
    26Legg MasonU.S.$648,879
    27Generali GroupItaly$647,611
    28Aegon GroupNetherlands$605,048
    29T. Rowe PriceU.S.$576,800
    30Ameriprise FinancialU.S.$562,400
    31Wells FargoU.S.$537,100
    32Sun Life FinancialCanada$534,663
    33ZenkyorenJapan$531,948
    34Mitsubishi UFJ Financial1Japan$529,152
    35Morgan StanleyU.S.$516,567
    36TIAA-CREFU.S.$510,918
    37MassMutual FinancialU.S.$508,000
    38Sumitomo Mitsui Trust & BankJapan$456,098
    39Credit SuisseSwitzerland$445,988
    40AvivaU.K.$443,382
    41Affiliated Managers GroupU.S.$431,800
    42Old MutualSouth Africa$423,540
    43Principal FinancialU.S.$403,000
    44Great-West LifecoCanada$389,528
    45Schroders1U.K.$382,068
    46Federated InvestorsU.S.$379,771
    47Dai-ichi Life InsuranceJapan$362,051
    48Royal Bank of CanadaCanada$353,371
    49New York Life InvestmentsU.S.$347,004
    50Shinkin Central Bank1Japan$345,149
    51Samsung GroupSouth Korea$338,467
    52Meiji Yasuda Life Insurance2Japan$337,113
    53Zurich Financial ServicesSwitzerland$333,933
    54Northwestern MutualU.S.$322,541
    55Munich REGermany$314,512
    56Intesa SanPaoloItaly$305,911
    57Lloyds Banking GroupU.K.$305,459
    58Rabobank GroupNetherlands$292,311
    59Macquarie GroupAustralia$290,134
    60Aberdeen Asset Mgmt.U.K.$289,547
    61Nomura HoldingsJapan$277,323
    62Standard LifeU.K.$270,923
    63Dimensional Fund AdvisorsU.S.$262,200
    64Union Investment1Germany$260,992
    65DZ BANKGermany$251,788
    66Sumitomo Life InsuranceJapan$243,276
    67ING GroepNetherlands$241,601
    68Mizuho Financial GroupJapan$239,551
    69Manulife FinancialCanada$237,637
    70Hartford FinancialU.S.$231,777
    71Charles Schwab InvestmentU.S.$224,462
    72Nuveen InvestmentsU.S.$218,555
    73Banco do BrasilBrazil$216,701
    74Banco BradescoBrazil$211,911
    75BBVASpain$210,115
    76TD Asset Mgmt.Canada$209,451
    77Dekabank GroupGermany$209,242
    78Unicredit GroupItaly$208,662
    79Neuberger BermanU.S.$205,046
    80SEBSweden$204,007
    81Eaton Vance3U.S.$199,508
    82Dodge & CoxU.S.$189,510
    83NordeaDenmark$185,425
    84La PosteFrance$181,704
    85PGGMNetherlands$175,757
    86Banco SabadellSpain$173,979
    87Resona Trust & BankingJapan$172,299
    88Lombard Odier Darier HentschSwitzerland$169,598
    89MS&AD Insurance Group1Japan$169,213
    90LazardU.S.$167,060
    91ItaúBrazil$164,793
    92Swiss Life GroupSwitzerland$162,486
    93Nikko Asset Mgmt.1Japan$162,000
    94Janus Capital GroupU.S.$156,756
    95Banco Santander CentralSpain$156,121
    96F&C Asset Mgmt.U.K.$153,820
    97Pictet Asset Mgmt.1Switzerland$151,970
    98Commonwealth Bank Group4Australia$151,643
    99Credit MutuelFrance$147,430
    100Bridgewater AssociatesU.S.$142,100
    101SEI InvestmentsU.S.$140,573
    102Guggenheim InvestmentsU.S.$138,114
    103Stifel FinancialU.S.$137,855
    104AMPAustralia$133,356
    105Baillie GiffordU.K.$132,491
    106Le Groupe LCF RothschildFrance$132,148
    107Lord, AbbettU.S.$129,366
    108GAM HoldingSwitzerland$127,144
    109Geode Capital Mgmt.U.S.$124,654
    110American CenturyU.S.$124,552
    111Danske BankDenmark$121,764
    112IGM Financial GroupCanada$121,071
    113GE Asset Mgmt.U.S.$119,857
    114SwedbankSweden$119,824
    115Mn ServicesNetherlands$119,546
    116GroupamaFrance$119,426
    117CommerzbankGermany$114,969
    118PNC FinancialU.S.$112,486
    119Talanx GroupGermany$111,073
    120Pearl GroupU.K.$110,812
    121Grantham, Mayo v. OtterlooU.S.$106,155
    122Brookfield Asset Mgmt.Canada$104,503
    123Henderson Global InvestorsU.K.$104,009
    124Investec GroupSouth Africa$103,844
    125Dexia Asset Mgmt.Belgium$101,754
    126NAB/MLCAustralia$100,598
    127Caixa Economica Federal5Brazil$100,271
    128Covea Group France$100,036
    129Waddell & ReedU.S.$96,365
    130General Re - New EnglandU.S.$92,019
    131CBRE Global InvestorsU.S.$92,000
    132Aquiline CapitalU.S.$91,434
    133CIBC GroupCanada$88,153
    134Nationwide FinancialU.S.$87,679
    135Union Bancaire PriveeSwitzerland$87,575
    136EFG GroupSwitzerland$86,112
    137DnB NORNorway$86,085
    138NISA InvestmentU.S.$85,425
    139MapfreSpain$85,410
    140Thornburg InvestmentU.S.$83,729
    141KutxabankSpain$82,407
    142Payden & RygelU.S.$81,816
    143Baloise Asset Mgmt.Switzerland$81,155
    144Royal London GroupU.K.$80,442
    145SanlamSouth Africa$79,370
    146Storebrand GroupNorway$79,134
    147Oaktree CapitalU.S.$77,051
    148CI FinancialCanada$75,959
    149Kohlberg Kravis RobertsU.S.$75,528
    150Artisan PartnersU.S.$74,334
    151AQR Capital Mgmt.U.S.$74,200
    152First Eagle InvestmentU.S.$72,916
    153QICAustralia$72,907
    154Regions FinancialU.S.$72,700
    155PineBridge InvestmentsU.S.$71,688
    156Hanwha GroupSouth Korea$71,113
    157Ashmore InvestmentU.K.$71,000
    158IDUNA GruppeGermany$70,831
    159MercerU.S.$69,800
    160Research AffiliatesU.S.$69,537
    161Sumitomo Mitsui Asset Mgmt.Japan$68,897
    162Mondrian InvestmentU.K.$68,248
    163Delta Lloyd Asset Mgmt.Netherlands$67,924
    164Fukoku Mutual Life InsuranceJapan$67,267
    165Vontobel Asset Mgmt.Switzerland$67,183
    166Mesirow FinancialU.S.$66,535
    167Tokio Marine HoldingsJapan$65,697
    168LSV Asset Mgmt.U.S.$65,027
    169PRIMECAPU.S.$63,661
    170Stone Harbor InvestmentU.S.$62,743
    171Wilmington TrustU.S.$61,479
    172Industrial Alliance InsuranceCanada$60,332
    173Monte dei Paschi di SienaItaly$58,859
    174Warburg GruppeGermany$58,636
    175Westpac/BT6Australia$58,596
    176Ares Mgmt.U.S.$58,471
    177Fiera SceptreCanada$57,221
    178Man InvestmentsU.K.$57,000
    179SwisscantoSwitzerland$56,745
    180SNS Asset Mgmt.Netherlands$56,295
    181AnimaItaly$54,181
    182KBL Financial ServicesNetherlands$54,049
    183Versicherungskammer BayernGermany$53,537
    184Fortress Investment GroupU.S.$53,430
    185Daiwa Securities GroupJapan$53,414
    186Brown Brothers HarrimanU.S.$52,899
    187MMI Holdings4South Africa$52,429
    188Goodman InvestmentCanada$51,366
    189China Asset Mgmt.China$50,497
    190UBI BancaItaly$50,356
    191Irish Life & Permanent Group1Ireland$50,116
    192KeyCorpU.S.$49,684
    193William BlairU.S.$49,613
    194Harvest Fund Mgmt.China$48,772
    195RidgeWorth CapitalU.S.$48,083
    196LaSalle InvestmentU.S.$47,691
    197PFM Asset Mgmt.U.S.$47,354
    198Royal Bank of ScotlandU.K.$46,683
    199Raymond James FinancialU.S.$46,527
    200NKSJ Holdings1Japan$45,951
    201Cohen & SteersU.S.$45,839
    202American Beacon AdvisorsU.S.$45,800
    203Virtus InvestmentU.S.$45,537
    204Manning & NapierU.S.$45,209
    205Davis AdvisorsU.S.$45,140
    206Connor Clark & LunnCanada$44,602
    207KBC Asset Mgmt.Belgium$44,297
    208Coronation Fund ManagersSouth Africa$44,145
    209Fisher InvestmentsU.S.$43,893
    210Northern CrossU.S.$43,738
    211OP Bank GroupFinland$43,212
    212FolksamSweden$43,163
    213JupiterU.K.$42,483
    214Fort WashingtonU.S.$42,465
    215Marathon-LondonU.K.$42,263
    216MediolanumItaly$41,974
    217Raiffeisen CapitalAustria$41,759
    218Allan GraySouth Africa$41,174
    219Arrowstreet CapitalU.S.$41,117
    220STANLIBSouth Africa$41,110
    221HermesU.K.$40,514
    222Industry Funds Mgmt.Australia$40,258
    223AGF InvestmentsCanada$39,767
    224Challenger FinancialAustralia$39,721
    225LGT GroupSwitzerland$38,739
    226City NationalU.S.$38,240
    227Partners GroupSwitzerland$37,794
    228Mirae Asset Financial GroupSouth Korea$37,653
    229Berenberg BankGermany$37,266
    230HarbourVest PartnersU.S.$37,143
    231Van Eck AssociatesU.S.$36,635
    232GAMCO InvestorsU.S.$36,405
    233China Southern Fund Mgmt.China$36,258
    234F Van LanschotNetherlands$35,944
    235Metzler Seel SohnGermany$35,796
    236National Bank of Canada3Canada$35,733
    237Income Research & Mgmt.U.S.$35,466
    238Banco Popolare SocietàItaly$35,284
    239Erste-Sparinvest KapitalanlageAustria$34,887
    240Record CurrencyU.K.$34,830
    241Uniqa Finanz GroupAustria$34,765
    242Ohio NationalU.S.$34,700
    243Bank DegroofBelgium$34,623
    244Southeastern Asset Mgmt.U.S.$34,598
    245KGALGermany$33,204
    246Greystone ManagedCanada$33,103
    247UMB FinancialU.S.$33,100
    248Beutel GoodmanCanada$32,844
    249Strategic Investment GroupU.S.$32,020
    250Helaba InvestGermany$31,931
    251Brown AdvisoryU.S.$31,920
    252Cazenove Capital Mgmt.7U.K.$31,822
    253DuPont CapitalU.S.$31,262
    254Desjardins GroupCanada$30,972
    255Calamos AdvisorsU.S.$30,580
    256E Fund Mgmt.China$30,223
    257Caixa Gestão de ActivosPortugal$30,122
    258Jarislowsky FraserCanada$30,094
    259Reliance CapitalIndia$29,965
    260Fayez SarofimU.S.$29,816
    261Cutwater Asset Mgmt.U.S.$29,780
    262NürnbergerGermany$29,522
    263RhumbLine AdvisersU.S.$28,532
    264D.E. Shaw GroupU.S.$28,400
    265SafraBrazil$28,282
    266Clarion PartnersU.S.$27,904
    267Bank SyzSwitzerland$27,355
    268Mirabaud GroupSwitzerland$27,355
    269Fifth Third BancorpU.S.$27,000
    270Brandes InvestmentU.S.$26,943
    271Commerce TrustU.S.$26,458
    272HeitmanU.S.$26,257
    273Advantus CapitalU.S.$26,161
    274Korea Investment Holdings2South Korea$25,762
    275Co-operators GroupCanada$25,601
    276Angelo, GordonU.S.$25,000
    277PerpetualAustralia$24,856
    278Pathway CapitalU.S.$24,629
    279CommonfundU.S.$24,568
    280Epoch Investment PartnersU.S.$24,534
    281RS InvestmentsU.S.$24,443
    282Investment Solutions HoldingsSouth Africa$24,389
    283HinesU.S.$24,312
    284Adams Street PartnersU.S.$24,028
    285Hamilton LaneU.S.$23,815
    286Starwood CapitalU.S.$23,774
    287ICMA RetirementU.S.$23,599
    288T&D HoldingsJapan$23,548
    289Quoniam Asset Mgmt.Germany$23,149
    290Royal & SunAllianceU.K.$23,099
    291Shenkman CapitalU.S.$23,054
    292Gruppo Azimut6Italy$22,580
    293ArcaItaly$22,526
    294Bosera Asset Mgmt.China$21,712
    295Renaissance TechnologiesU.S.$21,637
    296EARNEST PartnersU.S.$21,438
    297Gruppo Bancario Credito EmilianoItaly$21,428
    298First Pacific AdvisorsU.S.$21,405
    299Colchester Global InvestorsU.K.$21,304
    300DavidsonU.S.$21,189
    301Frankfurt-TrustGermany$21,144
    302Bentall KennedyU.S.$20,991
    303ESAFPortugal$20,879
    304Robert W. BairdU.S.$20,523
    305COMGESTFrance$20,483
    306Universal-InvestmentGermany$20,483
    307VotorantimBrazil$20,420
    308Boston Private FinancialU.S.$20,417
    309Artemis InvestmentU.K.$20,282
    310Inland GroupU.S.$20,200
    311AJOU.S.$20,138
    312Caja Madrid GroupSpain$19,565
    313Caixa Catalunya GroupSpain$19,558
    314BOK FinancialU.S.$19,149
    315Hotchkis & WileyU.S.$18,777
    316SCORFrance$18,501
    317HDFC Asset Mgmt.India$18,443
    318Perennial InvestmentAustralia$18,438
    319Gruppo BipiemmeItaly$18,236
    320Highland Capital (Texas)U.S.$18,209
    321ProLogis Private CapitalU.S.$18,150
    322Platinum Asset Mgmt.Australia$18,097
    323PaulsonU.S.$18,055
    324PetercamBelgium$18,026
    325Oak Hill AdvisorsU.S.$17,970
    326GF Fund Mgmt.China$17,833
    327Fullgoal Fund Mgmt.China$17,480
    328King Street CapitalU.S.$17,400
    329HuntU.S.$17,169
    330Grupo Banco PopularSpain$17,057
    331ICBC Credit SuisseChina$16,971
    332OddoFrance$16,783
    333Fred Alger Mgmt.U.S.$16,712
    334International Value AdvisersU.S.$16,595
    335Baron Capital GroupU.S.$16,472
    336Mawer InvestmentCanada$16,451
    337Wiener StadtischeAustria$16,276
    338Causeway CapitalU.S.$16,190
    339Carnegie InvestmentSweden$15,976
    340Svenska HandelsbankenSweden$15,976
    341Fiduciary Mgmt./MilwaukeeU.S.$15,914
    342Huntington BancsharesU.S.$15,900
    343Bank of China InvestmentChina$15,845
    344Prescient Investment6South Africa$15,741
    345BCVSwitzerland$15,662
    346World Asset Mgmt.U.S.$15,496
    347Da Cheng Fund Mgmt.China$15,362
    348Eagle CapitalU.S.$15,132
    349Madison InvestmentU.S.$15,070
    350Munder CapitalU.S.$15,055
    351Wintrust FinancialU.S.$15,000
    352CCB Principle Asset Mgmt.China$14,967
    353J O Hambro CapitalU.K.$14,910
    354Hua An Fund Mgmt.China$14,756
    355Mutual of AmericaU.S.$14,648
    356Sit InvestmentU.S.$14,598
    357Grupo MarchSpain$14,403
    358Close Brothers GroupU.K.$14,302
    359Westbrook PartnersU.S.$14,283
    360Kepler Fonds KAGAustria$14,219
    361Westwood HoldingsU.S.$14,167
    362Westfield CapitalU.S.$14,155
    363Birla Sun Life Asset Mgmt.India$13,986
    364Guardian CapitalCanada$13,810
    365WHV InvestmentU.S.$13,756
    366HexavestCanada$13,706
    367UnigestionSwitzerland$13,700
    368C.S. McKeeU.S.$13,465
    369Cramer Rosenthal McGlynnU.S.$13,378
    370Wasatch AdvisorsU.S.$13,368
    371Pacific Income AdvisersU.S.$13,343
    372Gruppo Banca CarigeItaly$13,215
    373Montag & CaldwellU.S.$12,935
    374UTI Asset Mgmt.India$12,849
    375ASB Capital Mgmt.U.S.$12,833
    376Rainier InvestmentU.S.$12,597
    377Yinhua Fund Mgmt.China$12,580
    378Edinburgh PartnersU.K.$12,471
    379Leith Wheeler InvestmentCanada$12,451
    380Horsley Bridge PartnersU.S.$12,248
    381China Universal Asset Mgmt.China$12,116
    382Calvert InvestmentU.S.$12,068
    383Prime AdvisorsU.S.$12,013
    384Foyston, Gordon & PayneCanada$11,658
    385IbercajaSpain$11,649
    386EII Capital Mgmt.U.S.$11,543
    387Colony CapitalU.S.$11,300
    388Luther King CapitalU.S.$11,264
    389Burgundy Asset Mgmt.Canada$11,034
    390Tocqueville Asset Mgmt.U.S.$10,945
    391Sage Advisory ServicesU.S.$10,939
    392Turner InvestmentsU.S.$10,731
    393Marathon Asset Mgmt.U.S.$10,700
    394DRA AdvisorsU.S.$10,581
    395Los Angeles CapitalU.S.$10,398
    396BankinterSpain$10,381
    397StepStone GroupU.S.$10,372
    398Charter Hall GroupAustralia$10,371
    399Portfolio AdvisorsU.S.$10,343
    400Amalgamated BankU.S.$10,231
    401Cantillon Capital Mgmt.U.S.$9,996
    402Kimco RealtyU.S.$9,872
    403Penghua Fund Mgmt.China$9,827
    404BPIPortugal$9,817
    405State Bank of IndiaIndia$9,697
    406Denver InvestmentsU.S.$9,565
    407International Fund Mgmt.China$9,555
    408New Brunswick Investment2Canada$9,429
    409Diamond Hill CapitalU.S.$9,429
    410Neptune InvestmentU.K.$9,425
    411JCP Investment PartnersAustralia$9,222
    412Tortoise CapitalU.S.$9,206
    413WEDGE CapitalU.S.$9,202
    414Lend LeaseAustralia$9,126
    415Piper JaffrayU.S.$9,051
    416Jacobs Levy EquityU.S.$9,017
    417Segall Bryant & HamillU.S.$8,937
    418Titanium Asset Mgmt.U.S.$8,855
    419TT InternationalU.K.$8,800
    420Synovus FinancialU.S.$8,790
    421Kyobo Life InsuranceSouth Korea$8,786
    422Martin CurrieU.K.$8,723
    423Driehaus CapitalU.S.$8,685
    424Bank of Comm. SchrodersChina$8,616
    425Axiom InternationalU.S.$8,612
    426Guotai Fund Mgmt.China$8,609
    427Peregrine HoldingsSouth Africa$8,574
    428Pacific Alternative AssetU.S.$8,558
    429China Merchants Fund Mgmt.China$8,549
    430Value PartnersHong Kong$8,500
    431BOCI-PrudentialHong Kong$8,483
    432Maple-Brown Abbott1Australia$8,400
    433Gulf International BankU.K.$8,200
    434Rock Creek GroupU.S.$8,200
    435Kornitzer CapitalU.S.$8,153
    436EnTrust CapitalU.S.$8,137
    437Rongtong Fund Mgmt.China$8,074
    438RamiusU.S.$8,071
    439Iridian Asset Mgmt.U.S.$8,032
    440Silvercrest Asset Mgmt.U.S.$8,021
    441Odey Asset Mgmt.U.K.$8,000
    442Opus InvestmentU.S.$7,960
    443BNGNetherlands$7,929
    444M.D. Sass GroupU.S.$7,880
    445Abbott CapitalU.S.$7,733
    446Bahl & GaynorU.S.$7,661
    447Ersel GroupItaly$7,651
    448Numeric InvestorsU.S.$7,616
    449Paradice InvestmentAustralia$7,590
    450Herndon CapitalU.S.$7,562
    451Congress Asset Mgmt.U.S.$7,498
    452Caisse de Depôt et PlacementCanada$7,446
    453McKinley CapitalU.S.$7,408
    454Lion Fund Mgmt.China$7,351
    455Samson CapitalU.S.$7,318
    456Merganser CapitalU.S.$7,303
    457Crestline InvestorsU.S.$7,300
    458Lupus Alpha Asset Mgmt.Germany$7,268
    459KBSU.S.$7,267
    460Northcape CapitalAustralia$7,264
    461Johnson Investment CounselU.S.$7,235
    462Horizon KineticsU.S.$7,231
    463SkyBridge CapitalU.S.$7,137
    464PENN CapitalU.S.$7,051
    465Progress InvestmentU.S.$7,039
    466Beacon CapitalU.S.$7,036
    467Westwood GlobalU.S.$6,928
    468Parnassus InvestmentsU.S.$6,847
    469DePrince, Race & ZolloU.S.$6,766
    470Rockwood CapitalU.S.$6,755
    471AREA Property PartnersU.S.$6,701
    472SPARX GroupJapan$6,636
    473Cambiar InvestorsU.S.$6,590
    474Lighthouse PartnersU.S.$6,500
    475Chandler Asset Mgmt.U.S.$6,431
    476DongbuSouth Korea$6,430
    477PCCPU.S.$6,422
    478Beach Point CapitalU.S.$6,403
    479Boston Trust & InvestmentU.S.$6,377
    480Quadrant Real EstateU.S.$6,345
    481Invesco Great Wall Fund Mgmt.China$6,324
    482Smith BreedenU.S.$6,297
    483Analytic InvestorsU.S.$6,248
    484Independence CapitalU.S.$6,189
    485Huatai-PineBridge InvestmentChina$6,099
    486Richmond CapitalU.S.$6,094
    487Advent CapitalU.S.$6,092
    488AurionCanada$6,019
    489Adrian Lee & PartnersU.K.$6,000
    490Capital At Work GroupBelgium$5,947
    491Glenmede InvestmentU.S.$5,929
    492Fortune SGAM Fund Mgmt.China$5,891
    493L&B RealtyU.S.$5,831
    494UBS SDICChina$5,817
    495Zazove AssociatesU.S.$5,800
    496KMAMCLIndia$5,779
    497Oechsle Int'lU.S.$5,766
    498Hoisington InvestmentU.S.$5,704
    499Mercator Asset Mgmt.U.S.$5,642
    500Polaris CapitalU.S.$5,554
      Total$68,295,592
    1 As of March 31, 2013;

    2 As of March 31, 2012;

    3 As of Oct. 31, 2012;

    4 As of June 30, 2012;

    5 As of May 31, 2013;

    6 As of Sept. 30, 2012;

    7 As of April 30, 2013.

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