Macquarie Group remains Australia's largest asset management firm, according to the latest data released by Willis Towers Watson.
The 2016 Willis Towers Watson Top 500 Asset Managers survey has Macquarie ranked at 52, with the next best ranked Australian firm being Colonial First State at 99, followed by NAB Asset Management at 135.
Indeed, the Willis Towers Watson 2016 has confirmed the dominance of the US, with US-based firms filling the top four stops.
BlackRock was the largest asset manager, followed by Vanguard, State Street and Fidelity with Europe's Allianz placing fifth.
However, the data also pointed to the degree to which Australia had been heavily advantaged by the nature of its superannuation regime, with growth in assets under management growing by 12 per cent in 2015 under local currency terms, albeit that this was reduced to just five per cent in US dollar terms.
The superannuation regime was also largely responsible for the fact that assets received from Australia saw the greatest growth in 2015 with an increase of 8.6 per cent, while those received from the UK grew by 3.6 per cent.
AMP’s strong 2024–25 returns were anything but a fluke – they were the product of a carefully recalibrated investment strategy that began several years ago, when the fund first became truly cognisant of its shortcomings.
ASIC is “considering what options” it has to hold super trustees to account for including the failed schemes on their platforms, according to its deputy chair.
Vanguard Super has reported strong returns across most of its investment options, attributed to a “low-cost, index-based approach”.
The fund has achieved double-digit returns amid market volatility, reinforcing the value of long-term investment strategies for its members.