Top 1000 Pension Funds: The thrifty thousands
Roger Urwin, global head of investment content at Towers Watson, noted earlier this year that the world’s leading investors are upping their internal resources and adopting the organisational characteristics of asset managers. Urwin’s focus was on what he calls the ‘Thrifty Fifty’ largest institutional asset pools. Our reference to ‘Thrifty Thousands’ on the cover of this year’s Top 1000 supplement owes a debt to Urwin’s coinage.
We hope our rankings shed useful light on the geographical spread and assets of these investors, many of whom share the objectives and concerns of the 50 that Urwin has in his sights. According to this year’s data, no fewer than 351 global institutions manage investable assets in excess of €10bn; 102 of those are in Europe.
The Norwegian Government Pension Fund Global again tops the European ranking with €546bn, adding €27bn (5%) since last year. The fund accounts for 10.9% of the total assets in the ranking, up from 9% last year.
In our global ranking, which totals €19.5trn, US assets are €6.2trn, or 31.6% of the total. Japanese assets amount to €1.8trn (9.3%) and Chinese assets €1.2trn (6%).
Again we have partnered with S&P Capital IQ Money Market Directories for our rankings. Data is compiled according to their methodology below. We include only the top 250 UK pension funds, so the list is a composite with 75% continental European pension funds and 25% UK.