Watson Wyatt: 130/30 breathing new life into asset management
| Oct 9th, 2007 | Filed under: Today's Post | By: Alpha Male |
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Pensions & Investments, one of our favorite institutional investing newspapers, hosted a webcast this morning featuring Watson Wyatt’s London-based globe trotting guru, Roger Urwin. Although the event was billed as a recap of Watson Wyatt’s annual survey of the world’s largest money managers, Urwin and webcast M.C. P&I’s Joel Chernoff also covered alternative investments, 130/30, LDI and the implications of August’s market mayhem.
The global money management industry now oversees US$64 trillion. That’s up 19% ($12 trillion) since last year. (Not a bad haul). The industry continues to consolidate, however, with the top 20 asset managers now controlling 39% of this or about US$25 trillion (12 of the 20 have assets of over $1 trillion).
Like the recent II/McKinsey study, this one also sees a “barbell” developing in the industry with small, niche players and global behemoths experiencing an easier time than mid-sized managers.
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[...] Yet the firm stopped short of recommending against 130/30 (see related posting) and in a webcast last October Watson Wyatt elder Roger Urwin declared that 130/30 had “breathed new life into asset management.” (see related posting) [...]