GLOBAL - Fund managers' global assets have remained stable despite falling markets, research from Watson Wyatt reveals.
Senior consultant and head of global investment manager services Susan Douse said fund managers that focused on diversity tended to be the ones that had done well in this year’s Watson Wyatt World 500 Ranking, which lists investment managers by size of assets under management.
She said: “Money managers that are achieving diversity in both the asset mix that they offer and their client type and location, are probably best positioned to succeed in the changing landscape.”
The biggest asset manager was UBS with nearly US$1.5trn (£935bn) in assets under management at the end of 2002 – followed by Allianz and Fidelity Investments with US$1trn and US$910bn respectively.
The only UK firm to make the top 10 was Barclays Global Investors with US$745bn (£474bn) in assets under management.
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The Association of Consulting Actuaries (ACA) has appointed its first female chair, Jenny Condron. Victoria Ticha speaks to her about the key pension issues that must be addressed and how to bridge the industry's gender gap
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