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Article: Top 500 Managers' Worldwide Institutional Assets Approach $25 trillion.
- Article from:
- PR Newswire
- Article date:
- May 25, 2007
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NEW YORK, May 25 /PRNewswire/ -- The 500 largest money management firms saw their worldwide institutional assets approach $25 trillion, as of Dec. 31, 2006, according to Pensions & Investments' annual money manager survey.
That represents a 14.3% increase from the previous year, to $24.578 trillion. Assets managed by the top 500 managers on behalf of U.S. institutional tax-exempt investors jumped 15% in 2006, to $11.826 trillion. P&I's annual survey is widely cited by investment industry officials.
Following a 13.5% advance in 2005, the latest gains lifted the top 500 managers' worldwide institutional assets under management to $24.578 trillion.
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