BGI retains top spot among European pension fund managers

Mercer Consulting's new European Pension Fund Managers' Guide says Barclays Global Investors retained its top ranking as the company with the most European pension fund assets under management - £148bn. Second spot is taken by Deutsche Asset Management, followed by Legal & General, Credit Suisse and Merrill Lynch. However, the guide also points out that in the battle for market share, pure growth in assets is no longer enough to sustain business growth and managers are increasingly being forced to look to product mix and profitability. Falling equity markets have caused...