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Matthias Knab, Opalesque: At the end of 2023, the largest 100 asset owners (the AO100) saw their assets under management increase 12.3% from 2022 to reach $26.3 trillion, a record high, said a study.
The new research by WTW's Thinking Ahead Institute, also reveals the evolving split between different types of asset owners. Sovereign wealth funds (SWFs) remain a dominant force among other types of asset owners, now managing 38.9% of the assets among the AO100, or nearly two-fifths.
In comparison, pension funds, while still forming the largest assets under management by fund type (51.2%), saw the lowest growth rate, with assets held rising by 8.9% from the previous year, said the full Asset Owner 100 study.
Pension funds have represented a declining proportion of the AO100 in North America and Europe, the Middle East, and Africa (EMEA) since 2017, falling in favor of outsourced chief investment officers and SWFs' accelerated growth. Across EMEA, the pattern is more pronounced, as SWFs now form 70% of total assets in the region. In comparison, SWFs manage 43% of assets in Asia Pacific and 2% in North America.
The Government Pension Investment Fund of Japan remains the largest single asset owner in the world, with assets under management (AuM) of US$1.59 trillion alone. The top three globally also include the two largest sovereign wealth funds: Norway's Norges Bank Investment Management in second place with AuM of US$1.55 trillion and China Investment Corpor...................... To view our full article Click here
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