Ranking the top Asset Management firms

Question

Obviously it's easy to rank AM firms in terms of their AUM which gives a glimpse into their standing, but how would you rank them in terms of their exit opportunities and overall prestige?

models_and_bottles · Accepted Answer

You would have to break it down by asset class and even strategy within each asset class. There is no such thing as one firm that is #1 across the board. In fact, it is very uncommon for a firm that is strong in one asset class (i.e. public equities, fixed income, real estate, private equity, VC, etc.) to be strong in another. Even within a given asset class, there are often different strategies and areas of focus i.e. EM growth equities, U.S. small cap value, international value, on and on.

thebrofessor · Answer

agree. for example: PIMCO and TCW, absolute creme de la creme in fixed income, but not so much on stocks. of course you have the mega shops like capital group, GSAM, JPM, Legg Mason, but it depends on the asset class and the goal.

BatemanBatemanBateman · Answer

What AM would you say has the best in the following strategies?

High yield special debt Funds?
Emerging Markets - Domestic Currency Small Cap Funds?
Distressed Muni Equity Situations Funds?
Large Intrinsic Value Funds?
Small Intrinsic Value Funds?
Mid-Sized Intrinsic Value funds?
Mid to Large-Sized Intrinsic Value Funds?
Pretty Big, but not THAT Big Intrinsic Value Funds?

encore · Answer

You can't judge funds by prestige. They all have different investment philosophies and different objectives.

There are some brand names that deliver on their promises because they have good systems and a strong talent pipelines. However there are many superstar PMs who prefer smaller shops because they can react faster with less red tape and have more autonomy. There are also some large firms with brand names that have worse resources than most smaller firms counterintuitively.

The investment philosophy and training are key.

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Ranking the top Asset Management firms

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Ranking the top Asset Management firms

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