GLOBAL - Barclays Global Investors (BGI) topped the list of Global Pensions' Top 100 Global Fund Managers survey, with a total of US$961.8bn in institutional pension assets under management.
BGI’s institutional pension assets under management increased by nearly18% in 2004. “We took in about $25bn in active equities, and we now manage $10bn in hedge funds,” said Michael O’Brien, managing director,BGI.
SSgA, which came in second, posted a much smaller increase in institutional pension assets under management, rising from $602bn in 2003 to $625bn in 2004. “We’ve focused on the intensity and the depth of our client relationships worldwide,” said Gerard Kelly, a principal at SSgA. “We listen and we jointly build solutions. The growth we’ve seen is across the board – in the US, it’s both DB and DC plans. It’s also with schemes worldwide, both state sponsored and corporate plans.”
Fidelity came in third, with $616bn in institutional pension assets under management.
Bridgewater Associates posted the largest one-year increase in assetsunder management, going from $44.3bn to $81.1bn – a massive 83% jump.
On the downside, Aberdeen Asset Managers lost 36% of its assets between2003 and 2004, dropping from $5.9bn to $3.7bn, and Lombard Odier DarierHentsch lost 28% of its assets over the year, going from just under$12bn to $8.6bn.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.