Top 10 European Asset Management Firms

DWS, the asset management arm of Deutsche Bank, oversees approximately €900 billion in AUM across equity, fixed income, multi-asset, and alternatives. Listed on the Frankfurt Stock Exchange since 2018, it employs around 4,600 professionals globally and manages assets for institutional and retail clients in over 60 countries. DWS has been a leader in ESG product innovation, though it faced regulatory scrutiny over greenwashing claims in 2022 that led to management changes.

DWS Group

Allianz Global Investors, the active investment arm of Allianz SE, manages around €560 billion in AUM with a focus on equities, fixed income, multi-asset, and alternatives for institutional clients worldwide. Headquartered in Munich with major hubs in London, New York, and Hong Kong, it employs over 600 investment professionals. The firm is distinct from PIMCO, Allianz's fixed income powerhouse, which independently manages an additional $1.7 trillion.

Allianz Global Investors

AXA Investment Managers (AXA IM) manages approximately €870 billion in assets as the investment arm of French insurance giant AXA Group, serving institutional, corporate, and individual clients. The firm has positioned itself as a leader in responsible investing and alternative assets, particularly real assets and private debt. In 2024, AXA announced plans to merge AXA IM with BNP Paribas Asset Management, which would create a €1.5 trillion European champion.

AXA Investment Managers

Schroders, the London-headquartered independent asset manager, oversees approximately £750 billion (~€880 billion) in AUM across equities, fixed income, multi-asset, and alternatives. Founded in 1804 and listed on the London Stock Exchange, the Schroder family retains a majority stake, ensuring strategic independence. Its private assets division, including real estate and private equity, has grown to represent over 30% of revenue, reflecting a broader industry shift toward illiquid alternatives.

Schroders

PIMCO, owned by Allianz SE and headquartered in Newport Beach with major European operations in London and Munich, manages $1.7 trillion globally, making its European franchise one of the continent's most influential fixed income platforms. Co-founded by Bill Gross in 1971, PIMCO is synonymous with active bond management and runs the world's largest actively managed bond fund. Its European client base spans sovereign wealth funds, pension schemes, and central banks.

PIMCO Europe

Fidelity International, the London-based arm of Fidelity Investments (separate from the US entity), manages approximately $800 billion in AUM for institutional and personal investors across 25 countries. Privately owned by the Johnson family and Fidelity employees, it operates independently from its US sister company. Fidelity International is known for active equity management, retirement solutions across Europe and Asia, and its Sustainable Family fund range.

Fidelity International

Man Group, listed on the London Stock Exchange with approximately $175 billion in AUM, is Europe's largest listed hedge fund manager and a pioneer in quantitative and systematic investment strategies. Founded in 1783 originally as a sugar broker, Man evolved into fund management in the 1980s and now deploys AI and machine learning across its AHL, GLG, and Numeric investment engines. Man Group employs over 1,700 people across 19 offices globally.

Man Group

Jupiter Asset Management, headquartered in London with approximately £51 billion (~€60 billion) in AUM, is a specialist active manager known for high-conviction equity and fixed income strategies. Listed on the London Stock Exchange and serving both institutional and retail clients across Europe and Asia, Jupiter competes on investment performance rather than scale. The firm has faced net outflows in recent years as passive investing has grown, prompting strategic reviews and new product launches.

Jupiter Asset Management

Natixis Investment Managers, the asset management arm of French banking group BPCE, oversees approximately €1.2 trillion in AUM through a multi-affiliate model operating 20+ autonomous investment managers including Ostrum, Mirova, and Harris Associates. Headquartered in Paris with significant US presence, its affiliate structure allows specialist boutiques to retain investment independence while sharing distribution and operational infrastructure. Mirova is particularly recognized for impact investing and ESG integration.

Natixis Investment Managers

DWS, the asset management arm of Deutsche Bank, oversees approximately €900 billion in AUM across equity, fixed income, multi-asset, and alternatives. Listed on the Frankfurt Stock Exchange since 2018, it employs around 4,600 professionals globally and manages assets for institutional and retail clients in over 60 countries. DWS has been a leader in ESG product innovation, though it faced regulatory scrutiny over greenwashing claims in 2022 that led to management changes.

DWS Group

Allianz Global Investors, the active investment arm of Allianz SE, manages around €560 billion in AUM with a focus on equities, fixed income, multi-asset, and alternatives for institutional clients worldwide. Headquartered in Munich with major hubs in London, New York, and Hong Kong, it employs over 600 investment professionals. The firm is distinct from PIMCO, Allianz's fixed income powerhouse, which independently manages an additional $1.7 trillion.

Allianz Global Investors

AXA Investment Managers (AXA IM) manages approximately €870 billion in assets as the investment arm of French insurance giant AXA Group, serving institutional, corporate, and individual clients. The firm has positioned itself as a leader in responsible investing and alternative assets, particularly real assets and private debt. In 2024, AXA announced plans to merge AXA IM with BNP Paribas Asset Management, which would create a €1.5 trillion European champion.

AXA Investment Managers

Schroders, the London-headquartered independent asset manager, oversees approximately £750 billion (~€880 billion) in AUM across equities, fixed income, multi-asset, and alternatives. Founded in 1804 and listed on the London Stock Exchange, the Schroder family retains a majority stake, ensuring strategic independence. Its private assets division, including real estate and private equity, has grown to represent over 30% of revenue, reflecting a broader industry shift toward illiquid alternatives.

Schroders

PIMCO, owned by Allianz SE and headquartered in Newport Beach with major European operations in London and Munich, manages $1.7 trillion globally, making its European franchise one of the continent's most influential fixed income platforms. Co-founded by Bill Gross in 1971, PIMCO is synonymous with active bond management and runs the world's largest actively managed bond fund. Its European client base spans sovereign wealth funds, pension schemes, and central banks.

PIMCO Europe

Fidelity International, the London-based arm of Fidelity Investments (separate from the US entity), manages approximately $800 billion in AUM for institutional and personal investors across 25 countries. Privately owned by the Johnson family and Fidelity employees, it operates independently from its US sister company. Fidelity International is known for active equity management, retirement solutions across Europe and Asia, and its Sustainable Family fund range.

Fidelity International

Man Group, listed on the London Stock Exchange with approximately $175 billion in AUM, is Europe's largest listed hedge fund manager and a pioneer in quantitative and systematic investment strategies. Founded in 1783 originally as a sugar broker, Man evolved into fund management in the 1980s and now deploys AI and machine learning across its AHL, GLG, and Numeric investment engines. Man Group employs over 1,700 people across 19 offices globally.

Man Group

Jupiter Asset Management, headquartered in London with approximately £51 billion (~€60 billion) in AUM, is a specialist active manager known for high-conviction equity and fixed income strategies. Listed on the London Stock Exchange and serving both institutional and retail clients across Europe and Asia, Jupiter competes on investment performance rather than scale. The firm has faced net outflows in recent years as passive investing has grown, prompting strategic reviews and new product launches.

Jupiter Asset Management

Natixis Investment Managers, the asset management arm of French banking group BPCE, oversees approximately €1.2 trillion in AUM through a multi-affiliate model operating 20+ autonomous investment managers including Ostrum, Mirova, and Harris Associates. Headquartered in Paris with significant US presence, its affiliate structure allows specialist boutiques to retain investment independence while sharing distribution and operational infrastructure. Mirova is particularly recognized for impact investing and ESG integration.

Natixis Investment Managers