TheCityUK has published research on the UK’s role in the global asset management landscape.
- the UK remains Europe’s largest fund management centre with a 10% year on year rise in AUM in 2024;
- institutional clients represented around 75% of AUM but retail clients are increasing;
- overseas clients’ AUM was more than half of all assets managed by members of the IA in 2024 – at around £5.1trn;
- the UK has over one third of total European AUM;
- alternative funds represented 17% of total AUM;
- the UK ranks second after the US in hedge fund and private equity investment;
- the US continues to dominate global pension assets;
- pension fund asset allocation has diversified away from equities;
- global mutual funds rose again after a decline in 2023; and
- private equity AUM reached $8.2trn in 2023.