Article: Manager assets drop 23%; Despite double-digit drops, Top 5 names remain the same; BlackRock poised to continue run as fastest growing firm.(NEWS)

Byline: Drew Carter

Barclays Global Investors is still the world's largest money manager, despite an asset decline of $562.4 billion in 2008, according to the annual Pensions & Investments/Watson Wyatt Worldwide global 500 ranking.

BGI's assets fell 27.1% to $1.52 trillion as of Dec. 31, 2008. Allianz Group moved up to second from third place at $1.46 trillion despite a 25.3% decline in assets, while State Street Global Advisors moved to third place from second, dropping 27% in the year to $1.44 trillion.

Fidelity Investments and AXA Group ranked fourth and fifth, with $1.39 trillion and $1.38 trillion, respectively, swapping the positions ...

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