1/23/10

Hi,

Make your own top (in tiers) of investment management companies.

Comments (22)

1/23/10

What really matters in AM? Returns? Assets under management? Compensation? Location of head office? I'm not going to nit-pick through top-tier firms, but I'd say all of these are pretty solid:

Pimco, Wellington, GSAM, BGI/Blackrock, Western Asset Management, JPMAM, Fidelity, Alliance Bernstein, ING Investment Management, Schroeders

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1/23/10

Prestige, compensation

1/24/10

Tough one,
Each company has good funds and not so good funds
You can't rank on presitge in this industry, its about performance. figure out the style you are interested in: equity vs. fi vs. alt then equity = lcg, lcv etc... You'll see its not a simple ranking

1/25/10

I agree with LAWM in that it varies by product and client type. In ternms of large, active, institutional AM firms, I would go with PIMCO, Wellington, GSAM, Blackrock, JPMAM, and AllianceBernsterin from Brotherbear's list. It is nearly impossible to make compensation comparisons. They aren't all taking in a large analyst class each year like BBs do for IB. For experienced hires, they all pay market rates for the given position.

PIONLINE.COM has rankings by AUM. This can give you a sense of what funds these firm's manage. Of course, size doesn't mean prestige or even compensation.

1/25/10

yup, some are good at FI, some at territories, caps blah blah..
but i think in general PIMCO and blackrock are pretty good... goldman as well

templeton, julius baer have their own strengths as well

2/7/10

Under GSAM, I'm being offered:
1. Investment Partners (IP)
2. Global Solutions Partners (GSP) - Portfolio Management
3. Private Equity Group (PEG)

and I'm being told if I start in one, I'll be able to laterally transfer to the other. Not sure if this actually possible??
Which would be most enjoyable since I can do all three?

7/29/14

Which one did you end up joining? Just curious to know what made you choose one over other.

7/29/14

thisguy:

Under GSAM, I'm being offered:

1. Investment Partners (IP)

2. Global Solutions Partners (GSP) - portfolio management

3. Private Equity Group (PEG)

and I'm being told if I start in one, I'll be able to laterally transfer to the other. Not sure if this actually possible??

Which would be most enjoyable since I can do all three?


Which one did you end up joining? Just curious to know what made you choose one over other.

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2/8/10

I wouldn't take the "lateralling" too literally.

They tell kids going into pwm that they can lateal to ibd or s&t

7/29/14

I think in terms of pure investment firms: PIMCO, Fidelity, Wellington, TRowe, BlackRock usually take the top spot. If you include banks JPM/GS would be in there for sure.

8/6/14

I find it interesting that in all these posts the most coveted AM firm hasn't even been mentioned.

8/6/14

ibleedexcel:

I find it interesting that in all these posts the most coveted AM firm hasn't even been mentioned.

Bernard L. Madoff Investment Securities?

8/6/14

He's probably referring to Capital Group or Dodge&Cox.

8/6/14

ibleedexcel:

I find it interesting that in all these posts the most coveted AM firm hasn't even been mentioned.

What is: the Capital Group.

8/6/14

ibleedexcel:

I find it interesting that in all these posts the most coveted AM firm hasn't even been mentioned.

Lumina Investments?

8/6/14

we're not including elite hedge funds

"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton

"The investor's chief problem - and even his worst enemy - is likely to be himself." - Benjamin Graham

8/6/14
8/6/14

assuming we're not including hedgies in here

Perkins
Brandes
Davis (abysmal performance recently, but stellar long term)
Templeton
EIC (small company out of Atlanta, great performance and philosophy though)
Royce (great for small caps)

for bonds:

nuveen
PIMCO
met west/tcw
doubleline

"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton

"The investor's chief problem - and even his worst enemy - is likely to be himself." - Benjamin Graham

8/7/14

Can somebody explain why Capital Group is so well respected? I know the America growth funds are big and they have been around a long time, but the returns don't seem out of this world. Legitimately curious, not trying to hate at all.

8/7/14

I'll chime in here. don't know about prestige, but I think it's more name recognition & history which makes them respected. AF is one of the biggest asset managers in the world, and they have some of the oldest funds in the world (investment company of america). the returns are not out of this world for the entire firm, but ICA has had over a 12% return since inception 80 years ago. while that's an extremely long time and a very opportune time to start investing in US equities, it's still impressive in my opinion. other examples are american mutual (11% yoy since inception in 1950, one of the first non tobacco/alcohol funds), AMCAP (11% since inception 1967), and EuroPacific is one of the older (Brandes global equity is oldest I believe) international funds (also 11% yoy since inception 1984).

I agree, those are not insane returns, but I think compounding at 10%+ over 30, 40, 60, 80 years is a surefire way to financial independence. as far as analyst work, I'd bet that you would get more exciting work at a deep value/distressed shop than somewhere like AF where the process is pretty plain Jane.

"The four most dangerous words in investing are: 'this time it's different.'" - Sir John Templeton

"The investor's chief problem - and even his worst enemy - is likely to be himself." - Benjamin Graham

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8/7/14
8/7/14
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