Top investment managers, benchmarked against volume-weighted average price |
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Rank 1 |
Investment manager 2 (No. of countries firm traded in) |
Difference vs. |
1 |
Oechsle International Advisors (25) |
37.37 |
2 |
Marathon Asset Mgmt (29) |
31.32 |
3 |
Goldman Sachs Asset Mgmt (36) |
25.41 |
4 |
Dimensional Fund Advisors (39) |
23.33 |
5 |
Capital Guardian Trust Co. (40) |
21.68 |
6 |
Mondrian Investment Partners (30) |
21.46 |
7 |
AllianceBernstein (38) |
18.77 |
8 |
Genesis Investment Mgmt (21) |
18.58 |
9 |
Acadian Asset Mgmt (38) |
18.52 |
10 |
Baillie Gifford & Co. (33) |
17.04 |
11 |
Batterymarch Financial Mgmt (37) |
14.28 |
12 |
BlackRock Investment Mgmt (38) |
14.02 |
13 |
GMO (41) |
13.28 |
14 |
Lazard Asset Mgmt (34) |
12.24 |
15 |
Franklin Templeton Investments (23) |
10.54 |
Top brokerage firms, benchmarked against volume-weighted average price | ||
Rank 1 | Brokerage Firm 3 (No. of countries firm traded in) |
Difference vs. E/M universe (basis points) |
1 | Bloomberg Tradebook (32) | 26.63 |
2 | Instinet (39) | 21.88 |
3 | Liquidnet (27) | 21.26 |
4 | Citigroup (42) | 19.65 |
5 | Sanford C. Bernstein (28) | 18.70 |
6 | UBS (42) | 17.39 |
7 | Deutsche Bank (42) | 16.93 |
8 | Brockhouse & Cooper International (31) | 16.40 |
9 | Macquarie Group (25) | 15.87 |
10 | Exane BNP Paribas (32) | 15.27 |
11 | Credit Suisse (39) | 13.28 |
12 | Crédit Lyonnais (19) | 10.11 |
13 | Goldman Sachs (41) | 9.77 |
14 | J.P. Morgan (43) | 8.88 |
15 | Nomura (18) | 8.81 |
Top - firms, benchmarked against arrival price | ||
Rank 1 | Brokerage Firm 4 (No. of countries firm traded in) |
Difference vs. E/M universe (basis points) |
1 | UBS (42) | 63.70 |
2 | Nomura (18) | 51.95 |
3 | Bloomberg Tradebook (32) | 42.65 |
4 | Sanford C. Bernstein (28) | 41.10 |
5 | Citigroup Global Markets (42) | 32.99 |
6 | Credit Suisse (39) | 32.17 |
7 | Merrill Lynch (36) | 29.97 |
8 | Brockhouse & Cooper International (31) | 25.86 |
9 | Goldman Sachs (41) | 12.35 |
10 | Deutsche Bank (42) | 11.95 |
1 Rank is for 12 months ended June 30.
2 Includes managers with more than $2 billion in principal traded.
3 Includes brokerages with more than $4 billion in principal traded.
4 Includes brokerages with more than $4 billion in principal traded.
Source: Elkins/McSherry.