LARGEST MONEY MANAGERS
The largest money managers had $77.45 trillion in worldwide assets under management in 2022, a 16.6% decrease, with private markets firms the lone players to emerge unscathed.
Hanneke Smits, CEO of the $1.91 trillion BNY Mellon Investment Management, doesn't play favorites with firm's seven affiliates.
Private asset resilience in a wretched year for stocks and bonds leaves money managers rethinking how much exposure they should have.
Fixed-income managers suffered through a painful 2022, but yield makes a comeback after a dormant decade.
Vanguard Group surpassed BlackRock as the largest worldwide institutional money manager. BlackRock remains the world's largest asset manager overall.
Most private market managers saw AUM increases, with much of it due to a long lag in writing down asset values.
Institutions had $52.4 billion invested in Invesco ETFs at the end of 2022, according to data.
JPMAM, Dimensional and American Century scored big last year with active ETFs below 40 basis points.
