by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Monday 18 October 2010 7:46 pm whatsapp ASSETS under management (AUM) at the world’s largest 500 fund managers jumped by 16 per cent in 2009 to $62 trillion (£39 trillion), the second highest rise on record, a report said yesterday. The rise was in sharp contrast to the 23 per cent loss in AUM seen in 2008, the Pensions and Investments/ Towers Watson World 500 ranking report said. However, total AUM were still well below the previous high seen in 2006. During the past five years only half of the fastest growing firms had done so in a primarily organic way, with the other half doing so by merger or acquisition, the report said.Carl Hess, global head of investment at Towers Watson, said last year was “almost the exact opposite of 2008” as most fund managers posted strong results. But he warned that while markets were recovering they remained fragile, reflecting “weak underlying economic fundamentals and the oscillating risk appetites among institutional investors”.Fund managers from developing countries continued to grow, more than doubling their share of global AUM to around four per cent in the last decade, the report said. In contrast Japanese fund managers’ share of AUM fell from over 13 per cent to under 7 per cent in the same period.Some fund managers have seen exceptional growth in the last five years, including BlackRock, which has risen from 41st in the league table to top with $3.4bn AUM. BNP Paribas has risen 26 places to seventh in the last five years with $1.3bn AUM, There were 12 US-based investment managers in the top 20 last year, up from ten in 2008, while the other eight managers are all based in Europe, according to the report. Show Comments ▼ Share Tags: NULL Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap KCS-content whatsapp Assets bounce back in 2009 read more