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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (13304)	8/2/2012 5:12:16 AM
From: John Pitera	Respond to of 33421

Global Investor Top 100 Largest Asset Managers -notice Barclay's is # 1 --with concomitant big fine and heads on platters for LIBOR scandal. - Rank Name of Asset Management Company Name of Parent Company Total 3rd Party AuM Notes (Millions) 1 (3) Barclays Global Investors Barclays PLC 1,400,491 2 (1) State Street Global Advisors State Street Corporation 1,367,269 3 (2) Fidelity Investments Fidelity Investments 1,299,400 4 (4) The Vanguard Group The Vanguard Group 852,000 5 (5) JPMorgan Asset Management JPMorgan Chase & Co 782,646 6 (8) Capital Research & Management Company Capital Group Companies 756,791 *7 (6) Deutsche Asset Management Deutsche Bank AG 723,366* 8 (9) Northern Trust Global Investments Northern Trust Corporation 589,800 9 (13) UBS Global Asset Management UBS AG 536,000 10 (12) Alliance Capital Management Alliance Capital Management Holding LP 516,000 11 (14) Wellington Management Company, LLP Wellington Management Company, LLP 484,010 12 (11) Merrill Lynch Investment Managers Merrill Lynch & Co, Inc 473,565 13 (20) Credit Agricole Asset Management Credit Agricole 461,800 14 (16) Goldman Sachs Asset Management Goldman Sachs Group, Inc 452,585 15 (10) Citigroup Asset Management Citigroup Inc 437,164 1 16 (19) Franklin Resources, Inc Franklin Resources, Inc 425,403 17 (15) Morgan Stanley Investment Management Morgan Stanley 414,631 18 (23) *Blackrock Blackrock 414,411* 19 (15) ING Investment Management ING Group NV 393,400 20 (24) TIAA-CREF TIAA-CREF 350,100 21 (21) Credit Suisse Asset Management Credit Suisse Group 327,800 22 (22) Columbia Management Bank of America 320,500 23 (26) Legal & General Investment Management Legal & General Group 318,217 24 (25) Capital Group International Capital Group Companies 293,644 25 (29) BNP Paribas Asset Management BNP Paribas SA 273,029 26 (27) Ixis Asset Management Groupe Caisse d'Epargne 270,527 2 27 (28) Evergreen Investments Wachovia Corporation 245,857 3 28 (32) T. Rowe Price Associates, Inc T. Rowe price Group, Inc 244,781 29 (30) Societe Generale Asset Management Societe Generale 244,468 4 30 (34) Morley Fund Management Aviva 243,552 31 (40) F&C Asset Management plc Friends Provident 229,700 32 (41) Western Asset Management Legg Mason, Inc 229,111 5 33 (37) Prudential Financial inc Prudential Financial inc 209,402 34 (35) Federated Investors, Inc Federated Investors, Inc 204,700 35 (33) ABN AMRO Asset Management Ltd ABN AMRO Bank NV 202,124 3 36 (36) Schroders Investment Management Schroders plc 201,035 37 (31) Putnam Investments Marsh & McLennan Companies Inc 195,886 38 (39) GE Asset Management General Electric Company 185,000 39 (42) OppenheimerFunds, Inc MassMutual Financial Group 180,000 40 (51) Axa Investment Managers Axa group 177,900 41 (38) HSBC Asset Management HSBC Holdings plc 177,100 3 42 (57) Nordea Asset Management & Life Nordea 170,600 43 (46) Santander Asset Management Santander Group 169,454 44 (45) Pioneer Investments Unicredit 167,257 45 (56) Wells Capital Management Wells Fargo 161,500 46 (58) Dodge & Cox Dodge & Cox 152,094 47 (52) MFS Investment Management Sun Life of Canada 150,000 48 (49) Nomura Asset Management Nomura Holdings 146,713 49 (48) Robeco Rabobank 145,617 50 (44) The Sumitomo Trust & Banking Company Limited The Sumitomo Trust & Banking Company Ltd 145,400 51 (54) Insight Investment Hbos 145,155 52 (47) Union Asset Management Holding DZ Bank AG 144,963 6 53 (62) Deka Investment GmbH DekaBank Deutsche Girozentrale 139,080 54 (60) Principal Global Investors LLC Principal Financial Group 138,823 55 (63) SEI Investments SEI Investments 138,500 7 56 (30) Standish Mellon Mellon Financial Corporation 138,025 8 Aliianz and several other firms belong on this list.... this list is only as good as the provider also insurance companies have different accounting due to the fact in their insurance business they are paying out long dated obligations and investing the money to accomplish this. However, the large firms have divisions that are operated more along the lines of asset managers.verinteresting field. If anyone is a "transfer pricing" specialist ....... please drop me a line. John les/assetmanagementdunyasiralamasi.pdf

To: John Pitera who wrote (13304)	8/2/2012 10:46:31 AM
From: Challo Jeregy	Read Replies (4) \| Respond to of 33421

priceless quote I heard today . . . probably somewhere in his full comments - zerohedge.com

To: John Pitera who wrote (13304)	8/2/2012 2:06:14 PM
From: roguedolphin	1 Recommendation Read Replies (1) \| Respond to of 33421

<<... the deleveraging process has reduced returns in all asset classes. A very valid argument was advanced today that in a world where you get 2 to 3 % GDP growth under optimal conditions the past 5 plus years and you have Jeremy Siegel talking about long term US equity returns being 6.6%....... the Institutional investors are creating a type of Ponzi scheme, as we can not expect Equities to generate returns at more than 2 to 3 times GDP....>> I personally would add that to make things worse the "2 to 3% GDP growth under optimal conditions" is actually not growth at all but inflation.