Quote:
Originally Posted by homebucket
I'm surprised San Diego is ranked so high.
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Yeah, this is confusing me too. Encore Capital Group is out of San Diego, but they're not big enough or influential enough to put San Diego above Boston (Fidelity, State Street, John Hancock, Santander, Wellington, Columbia Threadneedle, Windham Capital, Putnam...) or Toronto (all of Anglo Canada's financial/asset management companies). Weird.
Does San Diego have a big low-profile private asset management company?
People know of Fidelity but don't realize it's the 4th largest in the world: $5.4 trillion in assets under management, and $14.1 trillion in assets under administration. State Street is the world's 5th largest: $3.6 trillion, ahead of Morgan Stanley, ahead of Chase, Goldman Sachs, Credit Agricole, Allianz, and the Capital Group. Wellington Management is just outside of the world's top 20, with $1.4 trillion. Columbia Threadneedle Investments is at $652 billion. Windham Capital is at $621 billion. Putnam is "only" at $142 billion.
Maybe SD has a group of ~half a $trillion AUM private asset management companies like Boston?