SOURCE: Institutional Investor

Institutional Investor

July 14, 2015 09:15 ET

BlackRock Tops Institutional Investor Ranking of America's Largest Money Managers

Vanguard Displaces State Street in the No. 2 Spot; Allianz Falls Owing to PIMCO Losses

NEW YORK, NY--(Marketwired - Jul 14, 2015) - Assets directed by the firms in the II300, Institutional Investor's annual ranking of the nation's largest money managers, increased nearly 7 percent year-over-year, to $45.2 trillion, in 2014. More than 10 percent of that total is managed by New York-based BlackRock, which holds the top spot on this roster for a sixth year running.

Complete survey results can be found at

With the active versus passive management debate still unsettled, BlackRock has products on both sides of the fence to woo each type of investor. Its exchange-traded funds line, iShares, is the largest in the U.S.

Vanguard Group, inventor of the index fund, keeps coming on strong. The Malvern, Pennsylvania-based firm rises from third place to second (and bumps Boston's State Street Global Advisors down a notch to third) after increasing its assets under management by nearly $419 billion, to $2.7 trillion. Vanguard is this year's biggest gainer, in dollar terms.

Allianz Asset Management of America, the German insurer's Newport Beach, California-based U.S. operation, is the only top five firm to suffer an AUM decline, largely owing to losses at its Pacific Investment Management Co. unit. PIMCO's assets dropped from $1.9 trillion to $1.7 trillion after famed bond manager Bill Gross departed for Janus Capital Management last fall. View more ranking results here.

For more information, please contact Michele Luthin at or (212) 224-3360.

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