IPE: American asset managers win over Europe

22 June 2007




US-based asset managers saw their business in Europe rise by 18% in 2006 ¨C substantially higher than the wider European market ¨C according to figures compiled for IPE¡¯s Top 400 Asset Managers report. The annual study produced by Investment and Pensions Europe (IPE) magazine reveals US managers now manage a total of 🔜bn for European institutional clients.

This contrasts a 4% overall increase by asset managers active in Europe in 2005, taking the total assets of those investment managers active in the European market to ¢ætrn, up from ㈞ trillion in 2006.

Among the players showing the greatest year-on-year gains when it comes to European clients were PIMCO Europe and Soci¨¦t¨¦ G¨¦n¨¦rale Asset Management while UBS and F&C were among the losers.

Among other notable changes, domestic Russian asset managers entered the IPE listing for the fist time.

Figures listed above take into account both asset inflows and investment growth, and are published in IPE Top 400 Asset Managers annual supplement accompanying the latest issue of IPE.

The listing, based on exclusive data compiled by IPE, gives the asset managers¡¯ contact details, key personnel, total assets under management and a breakdown by asset class and client type.

Looking more specifically at overall assets under management, rather than just business through European clients, the top four firms all maintained their rankings in terms of total assets under management.

Barclays Global Investors is still in poll position with ԁ.4trn in assets under management, closely followed by State Street Global Advisers with ԁ.3trn, Allianz Global Investors at 🟊bn and Vanguard at 🝹bn.

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