The world’s largest asset managers – 2023

The TAI / P&I 500

The world’s largest 500 asset managers is a joint annual research study conducted by the Thinking Ahead Institute, in conjunction with Pensions & Investments. This edition covers trends and assets under management (AUM) for 2022.

Key industry observations

  • Assets under management among world’s largest investment firms drop 13.7%, following market corrections over the course of 2022 in both equities and bonds 
  • Latest total AUM is $113.7 trillion, at the end of 2022, compared to $131.7 trillion the previous year 
  • The first significant fall in assets managed since the Global Financial Crisis
  • While macro uncertainty remains high, a common theme is to expect a higher for longer regime in interest rates in which concerns about inflation and growth remain elevated
  • Systemic risk puts emphasis on the need for forward thinking and re-positioning strategy with investment processes that are able to model, measure and adapt to systemic risk
  • Sustainability and ESG factors continue to be integral to investment programs, even though the journey is increasingly challenged with politicisation and increasing levels of regulation
  • There are promising technological advancements in the development of artificial intelligence (AI) and automation, which can benefit asset managers in building resilience and meeting current challenges

Download full study