INTERSEC 250 TABLE

INTERSEC 250 TABLE

Foreign-owned and operating under a different name

Note: This listing is not intended to be comprehensive. It shows major fund management subsidiaries operating outside the domicile of their parent companies that have relatively autonomous specialist asset management operations of a size that would have put them in the rankings had they been independent. The rank column shows the approximate position they would have occupied in the main listing.

Definitions and methodology

This list of the top 250 institutional investors outside the us is ranked by assets under discretionary management. It therefore excludes assets over which investment managers do not have full discretion, such as advisory or custodial relationships. The categories of institution ranked are banks (bk), internally managed pension funds (pf), insurance companies (in), investment managers and independent unit trust/mutual fund companies (ut), all with their headquarters outside the us. Other institutional investors, such as venture capitalists, stockbrokers and central banks, are not included.

In order to compile this and other databases, InterSec Research Corporation monitors over 3,500 institutions each year. A few of the figures are necessarily estimated by InterSec and have not been confirmed by the institution concerned. Information about this database or InterSec’s other in-depth research into investment management and administration worldwide is available from Mary Zerner at Intersec Research Corporation, London Office, tel: (0171) 287 3898, fax (0171) 287 3895.