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Article: Assets near $25 trillion; Worldwide institutional assets of top 500 firms up 14.3% thanks to vibrant equity, real estate markets.(Money Management)(Statistical data)
- Article from:
- Pensions & Investments
- Article date:
- May 28, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Douglas Appell
The 500 largest money management firms saw their worldwide institutional assets under management climb 14.3% and their U.S. institutional tax-exempt assets jump 15% last year, according to Pensions & Investments' annual money manager survey.
Following a 13.5% advance in 2005, the latest gains lifted the top 500 managers' worldwide institutional assets under management to $24.578 trillion. The top 500 managers of U.S. institutional tax-exempt assets ended 2006 at $11.826 trillion.
Strong capital market gains last year, including a 15.7% rise by the Russell 3000 U.S. equity index and a 16.6% advance for the NCREIF property ...