http://www.vault.com/nr/finance_rankings/imngmnt_rankings.jsp 1 Goldman Sachs New York, NY 2 BlackRock New York, NY 3 The BlackStone Group New York, NY 4 Barclays GlobalInvestors, N.A. San Francisco, CA 5 Lehman Brothers New York, NY 6 JPMorgan Asset Management New York, NY 7 PIMCO Newport Beach, CA 8 D.E. Shaw & Co. New York, NY 9 Wellington Management Co., LLP Boston, MA 10 Deutsche Bank New York, NY 11 Merrill Lynch New York, NY 12 Morgan Stanely New York, NY 13 Fidelity Investments Boston, MA 14 Lazard Asset Managament New York, NY 15 UBS New York, NY 16 Credit Suisse New York, NY 17 CalPERS Sacramento, CA 18 AllianceBernstein New York, NY 19 The Vanguard Group Valley Forge, PA 20 HSBC North America Holdings Prospect Heights, IL 21 T. Rowe Price Baltimore, MD 22 GE Asset Management Stamford, CT 23 Pequot Capital Management San Mateo, CA 24 ING Investement Management West Port, CT 25 Franklin Resources Atlanta, GA
Western Asset Management and Capital Group are not on the list. I’m not sure what this is. It certainly does not rank firms by AUM. Maybe it’s some unfounded prestige list meant to impress college students.
If it’s a prestige list someone’s sure got strange taste. I mean, Vanguard and BGI are mostly index shops - nothing wrong with that, but not too exciting. CalPERS? Weird. Why not Harvard or Yale?
Danteshek Wrote: ------------------------------------------------------- > How is Western Asset Management not on that list? > I’m not sure what this is… certainly not by > AUM… maybe some unfounded prestige list meant > to impress college students. Agreed, this list is nothing more than window dressing to fill some magazine or newspaper. How can they include all these investment banks, whose primary business is banking, and not include pure play asset management shops like Capital Group, Legg Mason, Western Asset, TCW, and Fortis.
Gouman Wrote: ------------------------------------------------------- > Danteshek Wrote: > -------------------------------------------------- > ----- > > How is Western Asset Management not on that > list? > > I’m not sure what this is… certainly not by > > AUM… maybe some unfounded prestige list > meant > > to impress college students. > > > Agreed, this list is nothing more than window > dressing to fill some magazine or newspaper. How > can they include all these investment banks, whose > primary business is banking, and not include pure > play asset management shops like Capital Group, > Legg Mason, Western Asset, TCW, and Fortis. I think it’s because most college students know about the IB landscape and have no clue about AM. IB is sexy, AM is staid. For these kids all that matters is the big wall street brand. Little do they know that the AM divisions of these firms aren’t respected as much as the pure play shops. I do think CALPERS belongs on a prestige list though. They are the number one client or prospect for any AM and do a lot of cutting edge stuff.
They asked people at the following firms who they thought are the most prestigious investment management firms: Eight companies agreed to participate: Credit Suisse, Janus Capital, JPMorgan, Lehman Brothers, Merrill Lynch, PIMCO, UBS and Wachovia/Evergreen Investments.
No wonder. Those companies are mostly bank affiliated. I work for one of those companies and I can tell you it is a constant challenge convincing clients and consultants that we are not in the pocket of the bank. It’s much better to be independent.
Isn’t D.E. Shaw a hedge fund? Seems weird to lump them in with the likes of Fidelity and T Rowe Price. I mean, if you’re including hedge funds, how does Citadel not get a nod?
When I think of Citadel, the first thing that comes to mind is not “hedge fund” but “revolving door”
this is an absurd list. these places aren’t even comparable…top in terms of what?
This means F-all. This list is a mish-mash of different categories of investment management - some brokers, some managers, some mutual fund co’s, some index fund co’s, etc etc.
HSBC North America Holdings Prospect Heights??? what is this?
I read this article. It is a “hip” or “in vogue” list for financial firms in general. Everyone is so defensive and judgemental sheesh.
RealWarriorsOnlyPlease Wrote: ------------------------------------------------------- > I read this article. It is a “hip” or “in vogue” > list for financial firms in general. > > Everyone is so defensive and judgemental sheesh. Ha, take a look at college football forums when the top 25 rankings are released.
numi Wrote: ------------------------------------------------------- > When I think of Citadel, the first thing that > comes to mind is not “hedge fund” but “revolving > door” Do they have high turn over? I have heard it is a brutal place to work, but I don’t know if that is a fair description.
Yes, they do have a reputation for high turnover. Also, at least once a month (sometimes twice), I get a call from a headhunter that goes something like this: Headhunter: Hi Numi, how are you? Numi: I’m awesome, you? Headhunter: I’m doing fine. Listen, we just got wind of a great opportunity at a very large, multi-strategy hedge fund. They are looking to hire someone with experience covering technology or healthcare. We think this is an amazing opportunity for someone like you, and this would be a great boost to your… Numi: Uh, Citadel? Headhunter: Yeah, how’d you know?! Numi: It’s pretty much that time of the month again. If it’s not the IRS or the utility company trying to track me down, it’s Citadel. Headhunter: Damn. Numi: Thanks anyway. But hey, if Blackstone is looking to hire partners out of a pre-MBA programs I might be interested. Headhunter: OK, maybe some other time… *click*
Hahahahaha…good one Numi.
How do you find headhunters? I know some recruiting agencies (Robert Half, etc…), but I guess headhunters are different, right? Thanks!
Headhunters usually find you. If you have the experience they are looking for your phone will ring. The key is to only work with headhunters who are specialists in the industry/function you are in or want to enter. It usually is a pretty thin group of people who are truly connected.
Somehow Bear Stearns didn’t make the list.