Global assets under management consists of assets held by asset management firms, pension funds, sovereign wealth funds, hedge funds, and private equity funds.
Rank | Fund type | US$ billion | Figures as of |
---|---|---|---|
— | Private wealth | $32,800 1 [1] [2] | 2008 |
1 | Pension funds | $31,500 [3] | 2011 |
2 | Insurance companies | $24,400 [3] | 2011 |
3 | Mutual funds | $23,800 [3] | 2011 |
4 | Real estate | $10,000 [4] [5] | 2006 |
5 | Foreign exchange reserves | $7,341 [6] | February 2008 |
6 | Sovereign wealth funds | $3,980 [7] | 2011 |
7 | Hedge funds | $2,845 [8] | 2014 |
8 | Private equity funds | $1,600 [9] | 2009 |
9 | REITs | $764 [10] | 2007 |
Assets by region, 2020 [12] | ||
---|---|---|
Region | Value by region (in US$ billions) | |
North America | 40,000 | |
Europe | 20,000 | |
Middle East | 6,000 | |
Japan and Australia | 5,200 | |
Asia (excluding Japan and Australia) | 5,200 | |
Latin America | 2,000 |
Investor Name | Type | Total assets (US$ billion) |
---|---|---|
BlackRock | AM | 12,000 |
Charles Schwab Corporation | AM | 7,500 |
The Vanguard Group | AM | 7,000 |
People's Bank of China | FOREX | 3,700 |
Fidelity Investments | AM | 3,600 |
Allianz Asset Management (PIMCO + Allianz Global Investors) | AM | 3,400 |
State Street Global Advisors | AM | 3,300 |
Capital Group | AM | 2,300 |
JPMorgan Chase | AM | 2,300 |
BNY Mellon Investment Management | AM | 2,300 |
Goldman Sachs | AM | 2,300 |
Amundi | AM | 2,000 |
Government Pension Investment Fund (Japan) | PEN | 1,370 |
Bank of Japan | FOREX | 1,264 |
Government Pension Fund - Global (Norway) | SWF | 893 |
Government Pension Fund of Norway (Norway) | PEN | 856 |
Civil Service Retirement and Disability Fund (United States) | PEN | 832 |
Abu Dhabi Investment Authority (Abu Dhabi) | SWF | 773 |
SAMA Foreign Holdings (Saudi Arabia) | SWF | 757 |
Saudi Arabian Monetary Authority | FOREX | 745 |
UBS Asset Management | AM | 680 [13] |
China Investment Corporation (China) | SWF | 653 |
SAFE Investment Company (China) | SWF | 567 |
Swiss National Bank | FOREX | 531 |
Central Bank of the Russian Federation | FOREX | 429 |
Stichting Pensioenfonds ABP (Netherlands) | PEN | 427 |
National Pension Service (South Korea) | PEN | 400 |
Canada Pension Plan Investment Board | AM | 278 |
Barclays Inverse US Treasury Composite ETN (Blackrock) | MF | 211 |
SPDR S&P 500 (State Street Global Advisors) | MF | 200 |
Bridgewater Associates | HF | 78 |
Bill Gates (Microsoft) | UHNWI | 76 |
Carlos Slim (Grupo Carso/Telemex) | UHNWI | 72 |
Core S&P 500 ETF (Blackrock) | MF | 70 |
Man Group | HF | 65 |
Amancio Ortega (Inditex Group) | UHNWI | 64 |
Warren Buffett (Berkshire Hathaway) | UHNWI | 58 |
iShare MSCI EAFE ETF (Blackrock) | MF | 54 |
Total Stock Market ETF (the Vanguard Group) | MF | 50 |
Larry Ellison (Oracle Corporation) | UHNWI | 48 |
JP Morgan Asset Management | HF | 47 |
Brevan Howard Asset Management | HF | 37 |
TPG Capital | PE | 36 |
the Carlyle Group | PE | 33 |
the Blackstone Group | PE | 30 |
Och-Ziff Capital Management Group | HF | 29 |
Kohlberg Kravis Roberts (KKR) | PE | 28 |
Warburg Pincus | PE | 26 |
A hedge fund is a pooled investment fund that trades in relatively liquid assets and is able to make extensive use of more complex trading, portfolio-construction, and risk management techniques in an attempt to improve performance, such as short selling, leverage, and derivatives. Financial regulators generally restrict hedge fund marketing to institutional investors, high net worth individuals, and accredited investors.
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships, which invest in and restructure private companies. A private-equity fund is both a type of ownership of assets and is a class of assets, which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange.
Financial services are economic services provided by the finance industry, which together encompass a broad range of service sector firms that provide financial management, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.
The Government Pension Fund of Norway comprises two entirely separate sovereign wealth funds owned by the government of Norway.
An institutional investor is an entity which pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked companies, insurers, pension funds, sovereign wealth funds, charities, hedge funds, REITs, investment advisors, endowments, and mutual funds. Operating companies which invest excess capital in these types of assets may also be included in the term. Activist institutional investors may also influence corporate governance by exercising voting rights in their investments. In 2019, the world's top 500 asset managers collectively managed $104.4 trillion in Assets under Management (AuM).
Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REITs.
A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be "fettered", meaning that it invests only in funds managed by the same investment company, or "unfettered", meaning that it can invest in external funds run by other managers.
Wilshire Associates, Inc. is an American independent investment management firm that offers consulting services and analytical products and manages fund of funds investment vehicles for a global client base. Wilshire manages capital for more than 600 institutional investors globally representing more than $8 trillion of capital. Wilshire is also known for the creation of the Wilshire 5000 stock index in 1974 and more recently the Wilshire 4500 stock index.
Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.
In finance, the private-equity secondary market refers to the buying and selling of pre-existing investor commitments to private-equity and other alternative investment funds. Given the absence of established trading markets for these interests, the transfer of interests in private-equity funds as well as hedge funds can be more complex and labor-intensive.
A sovereign wealth fund (SWF), sovereign investment fund, or social wealth fund is a state-owned investment fund that invests in real and financial assets such as stocks, bonds, real estate, precious metals, or in alternative investments such as private equity fund or hedge funds. Sovereign wealth funds invest globally. Most SWFs are funded by revenues from commodity exports or from foreign-exchange reserves held by the central bank.
An alternative investment, also known as an alternative asset or alternative investment fund (AIF), is an investment in any asset class excluding stocks, bonds, and cash. The term is a relatively loose one and includes tangible assets such as precious metals, collectibles and some financial assets such as real estate, commodities, private equity, distressed securities, hedge funds, exchange funds, carbon credits, venture capital, film production, financial derivatives, cryptocurrencies, non-fungible tokens, and Tax Receivable Agreements. Investments in real estate, forestry and shipping are also often termed "alternative" despite the ancient use of such real assets to enhance and preserve wealth. Alternative investments are to be contrasted with traditional investments.
The Canada Pension Plan Investment Board, operating as CPP Investments, is a Canadian Crown corporation established by way of the 1997 Canada Pension Plan Investment Board Act to oversee and invest the funds contributed to and held by the Canada Pension Plan (CPP).
PGIM, Inc. (PGIM), formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial.
Impact investing refers to investments "made into companies, organizations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return". At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues.
GCM Grosvenor is an American alternative asset management firm, with approximately $74 billion in assets under management and approximately 530 professionals as of 2023.
National Investment Corporation of the National Bank of Kazakhstan (NIC) was established in October 2012 to preserve and enhance the long-term purchasing power of Kazakhstan’s foreign exchange reserves and of the National Fund through investments in less liquid high yielding asset classes. NIC manages assets entrusted by the National Bank of Kazakhstan. NIC invests in private equity, hedge funds, real estate and infrastructure through external managers and has signed up to the Santiago Principles on best practice in managing sovereign wealth funds.
CI Financial is the largest investment management firm by assets under management in Canada. Based in Toronto, Ontario, it offers investment management and wealth management services targeted to high net worth retail investors, as well as brokerage and trading services to portfolio managers and institutional investors. It is considered one of the Big Three investment management companies in Canada, along with Mackenzie Investments and Fiera Capital.
Axa Investment Managers is a global investment management firm with offices in over 22 locations worldwide. It operates as the investment arm for Axa, a global insurance and reinsurance company.