The world’s largest 300 pension funds grew by 11.5 percent last year, pushing assets for the first time to the $10 trillion mark, found a survey by Watson Wyatt and Pensions & Investments.
While the 300 funds represent only about 40 percent of the world’s pension market, all share similar allocation strategies, according to Roger Urwin, global head of investment consulting at Watson Wyatt.
Most funds “allocate an average of around 60 percent in equities, 33 percent in bonds and 7 percent in alternatives,” he told Pensions & Investments.
In a separate survey, the consulting firm found that the world’s 30 largest managers of pension fund assets dedicated to private equity fund of funds had $80 billion (€58 billion) under management last year.
The survey found that JP Morgan Asset Management manages the largest proportion of fund of fund assets on behalf of pensions, with a total of $13.7 billion under management.