A very bad quarter
The largest managers lost an aggregate 10.7% in worldwide assets in the first quarter of 2020. Assets are in U.S. millions. Scroll down for the complete list.
RankManagerAssets as of Dec. 31, 2019Assets as of March 31, 2020% change
1BlackRock Inc.$7,429,632$6,466,700-12.96%
2Vanguard Group Inc.$6,151,920$5,269,127-14.35%
3State Street Global Advisors$3,116,424$2,689,000-13.72%
4Fidelity Investments$3,043,134$2,900,000-4.70%
5J.P. Morgan Asset Management$2,364,000$2,239,000-5.29%
6Capital Group$2,056,991$1,700,000-17.36%
7BNY Mellon Investment Management$1,910,000$1,796,000-5.97%
8The Goldman Sachs Group Inc.$1,859,000$1,818,000-2.21%
9Amundi$1,850,972$1,684,434-9.00%
10Legal & General Investment Management (Holdings) Ltd.$1,584,680$1,413,000-10.83%
11Prudential Financial$1,550,982$1,481,000-4.51%
12Pacific Investment Management Co. LLC$1,491,898$1,369,368-8.21%
13Northern Trust Asset Management$1,231,300$1,119,300-9.10%
14Invesco$1,226,173$1,053,400-14.09%
15T. Rowe Price Associates Inc.$1,206,800$1,008,800-16.41%
16Wellington Management Group LLP$1,154,735$1,000,000-13.40%
17Morgan Stanley$1,131,824$1,088,334-3.84%
18Nuveen$1,060,770$957,276-9.76%
19AXA Investment Managers$898,710$882,000-1.86%
20DWS Group GmbH & Co. KGaA$860,945$774,400-10.05%
21Legg Mason Inc.$803,534$730,800-9.05%
22Manulife Financial$801,759$636,200-20.65%
23Franklin Templeton$698,305$580,300-16.90%
24Schroders$662,630$583,377-11.96%
25Allianz Global Investors$631,904$562,581-10.97%
26AllianceBernstein LP$622,915$541,800-13.02%
27Dimensional Fund Advisors LP$609,337$454,000-25.49%
28MetLife Investment Management$600,030$601,4000.23%
29New York Life Investments$596,573$562,238-5.76%
30Geode Capital Management$584,279$465,000-20.41%
31Federated Hermes Inc.$575,874$605,8405.20%
32MFS Investment Management Inc.$526,253$436,400-17.07%
33Wells Fargo Asset Management$508,776$518,0001.81%
34Columbia Threadneedle Investments$495,444$426,000-14.02%
35BNP Paribas Asset Management$493,179$450,065-8.74%
36Charles Schwab Investment Management Inc.$487,100$439,351-9.80%
37Principal Global Investors$467,250$437,000-6.47%
38Aviva Investors$458,537$415,000-9.49%
39Credit Suisse Asset Management LLC$451,835$425,000-5.94%
40Brookfield Asset Management$420,153$519,00023.53%
41Macquarie Asset Management$412,127$371,355-9.89%
42MassMutual$398,409$393,178-1.31%
43Janus Henderson Investors$374,830$294,400-21.46%
44RBC Global Asset Management$365,321$361,000-1.18%
45Neuberger Berman$355,794$330,000-7.25%
46Barings$338,663$327,000-3.44%
47Dodge & Cox$326,660$265,922-18.59%
48Russell Investments$307,397$270,100-12.13%
49Mercer$305,100$267,135-12.44%
50Loomis, Sayles & Co. LP$297,212$271,900-8.52%
51Baillie Gifford Overseas Ltd.$280,111$245,000-12.53%
52Parametric Portfolio Associates$279,495$270,000-3.40%
53TD Asset Management$278,517$230,350-17.29%
54Voya Investment Management$316,000$292,500-7.44%
55Nikko Asset Management$246,559$205,267-16.75%
56SEI Investments$244,561$169,000-30.90%
57NISA Investment Advisors LLC$224,820$234,0004.08%
58Lazard Asset Management LLC$222,948$171,900-22.90%
59Kohlberg Kravis Roberts & Co. LP$218,355$207,100-5.15%
60TCW Group$217,480$212,000-2.52%
61Guggenheim Investments$215,553$192,100-10.88%
62Eaton Vance Management*$213,437$139,132-34.81%
63Pictet Asset Management Ltd.$208,350$202,864-2.63%
64Robeco$194,734$159,866-17.91%
65AQR Capital Management LLC$186,016$143,000-23.12%
66Conning$179,262$168,400-6.06%
67American Century Investments$178,050$148,705-16.48%
68Lyxor Asset Management$166,800$138,000-17.27%
69PNC Financial Services Group Inc.$153,930$136,047-11.62%
70Victory Capital Management Inc.$151,832$123,800-18.46%
71Ares Management LLC$148,916$148,600-0.21%
72Ninety One$148,883$128,423-13.74%
73CIBC Asset Management$141,942$121,929-14.10%
74Putnam Investments$138,384$149,0007.67%
75GAM USA Inc.$137,042$116,629-14.90%
76Fiera Capital Corp.$130,843$111,000-15.17%
77Mesirow Financial$130,689$120,700-7.64%
78PPM America$129,701$130,2700.44%
79Oaktree Capital Management LP$124,710$113,000-9.39%
80Fisher Investments$121,034$98,317-18.77%
81Artisan Partners$121,017$95,200-21.33%
82LSV Asset Management$120,591$80,000-33.66%
83Harris Associates LP$119,786$76,000-36.55%
84Payden & Rygel$119,100$114,100-4.20%
85Man Group$117,700$104,200-11.47%
86IFM Investors Pty. Ltd.$114,764$95,705-16.61%
87PFM Asset Management LLC$113,147$113,4000.22%
88Wilmington Trust Co.$112,981$103,000-8.83%
89CBRE Global Investors$112,900$108,100-4.25%
Sources: P&I surveys, company websites & presentations, email responses from companies, and editorial reporting.