SPECIAL REPORT
The economic impact from the COVID-19 pandemic leads the top 10 stories in 2020 covered by P&I.
The annual ranking by P&I and Willis Towers Watson PLC's Thinking Ahead Institute showed that passively managed assets increased 25.3%.
North American money manager assets increased 20.3% in 2019 to $62.32 trillion, boosted by a bull market in the U.S.
Despite market turmoil, total DC mutual fund assets rose slightly for the 12 months ended June 30; DC target-date funds grew much faster.
The pandemic has not shut down all real estate lending, propping up asset values, but making it tough for mezzanine lenders.
Despite the COVID-19 pandemic, a strong 2019 helped buoy managers' worldwide assets under management to $1.73 trillion.
Farmland and timber assets under management fell again, with growth stymied by lack of supply.
Money managers should remain watchful of phishing emails targeting employees as they adjust to remote working.
Increased volatility and concerns about portfolio risk might push U.S. pension funds to take over their risk management process.