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Alternative Market Briefing

Top 500 global money managers see assets grew 14.5% to hit record $119.5tn

Tuesday, October 19, 2021

Laxman Pai, Opalesque Asia:

The 500 largest global money managers in 2020 grew their combined assets under management 14.5% to $119.5 trillion, while boosting revenue, said the study.

According to new research from Willis Towers Watson's Thinking Ahead Institute, the growing concentration among the top 20 managers whose market share increased during the period to 44% of total assets.

The research revealed that of the top 500 managers, 221 names that featured on the list a decade ago in 2011 are now absent in 2021, demonstrating a quickening pace of competition, consolidation, and rebranding.

Half of the managers surveyed (50%) increased the proportion of minorities and women in top positions for the past year. Client interest in sustainable investing increased across 91% of the firms surveyed.

According to the survey, 78% of managers increased resources deployed to technology and big data, and 66% increased resources deployed to cybersecurity.

The number of product offerings increased for more than two-thirds (70%) of surveyed firms.

Aggregate investment management fee levels decreased for a quarter (25%) of the surveyed managers - but fee levels increased for 21% of managers.

Meanwhile, a majority of managers (59%) experienced an increase in the level of regulatory oversight.

According to the research, passively managed AuM among the largest firms grew to a total of $8.3 trillion in 2020, up from $4.8 trillion in 2016.

BlackRock has retained its......................

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