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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)
- Article from:
- Pensions & Investments
- Article date:
- October 5, 2009
CopyrightCOPYRIGHT 2009 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: 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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Article: Wells Fargo and Regulus Agree on Wells ...
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... ... July 6 /PRNewswire-FirstCall/ -- Wells Fargo & Company said today that Wells Fargo Bank, N.A. has agreed to acquire Regulus ... Regulus Group. This agreement moves to Wells Fargo the wholesale remittance processing operations ...
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