Institutional Investor Ranks Asia's Top 100 Money Managers
Fund Managers Seek Alternatives Amid Slump; Barclays Global Investors No. 1 in Total Assets
NEW YORK, NY--(Marketwire - September 18, 2008) - The global equity slump has cooled Asia's
asset management boom and forced managers to search for new alternatives to
whet investor appetites, according to Institutional Investor's 14th annual
survey of the region's largest fund managers.
The complete ranking is available today at www.iimagazine.com and includes
a list of leading firms in relation to total assets/international as well
as by countries and regions.
Total assets of the Asia 100, the biggest fund managers, surged 18.3
percent in 2007, to $11 trillion, the survey finds, but that growth
reflected the big surge in markets across the region last year. With
markets down sharply this year, managers have struggled to capture new
assets and hang onto existing ones.
Managers are increasingly turning to regional funds, such as those focusing
on investment in Latin America, to attract investors. Brazilian funds have
been popular because of awareness among Asian investors of the region's
seemingly insatiable demand for Brazilian resources such as iron ore and
soybeans. "If you understand the client needs, you can do very good
business in these market conditions," says Christof Kutscher,
Hong Kong-based head of UBS Global Asset Management for the Asia-Pacific
region.
The ranking was compiled from a variety of sources, including
questionnaires filled out by the institutions themselves, company Web sites
and annual reports, and regulatory agencies.
About Institutional Investor
Now entering its fifth decade, Institutional Investor has consistently
distinguished itself among the world's foremost financial publications with
ground-breaking journalism and incisive writing that provides "must read"
intelligence for a global audience. Throughout the year, Institutional
Investor offers a host of proprietary research and rankings that serve as
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visit www.iimagazine.com