70 firms identified themselves as minority- and women-owned enterprises in Pensions & Investments' latest money manager survey, overseeing a total of $401 billion as of Dec. 31.
Los Angeles-based Payden & Rygel topped the list with $80.8 billion in assets under management, followed by American Beacon Advisors ($45 billion), with RhumbLine Advisers ($35 billion) rounding out the top three.