Investment management is a major industry in New York City, home to many of the world’s largest asset management firms. This article analyzes the top investment firms in NYC based on assets under management (AUM). The two dominant players are BlackRock and Vanguard, managing multi-trillion dollar global portfolios. Other major firms include JPMorgan, Goldman Sachs Asset Management, T. Rowe Price, and Bridgewater Associates. Understanding the landscape of top investment management firms in New York provides helpful context for students and young professionals considering careers in investment.
BlackRock and Vanguard are the two investment giants based in New York City with the most assets under management globally.
BlackRock and Vanguard stand clearly above the rest in terms of assets under management. BlackRock is the world’s largest asset manager with $10 trillion in assets. The firm is known for its heavy passive investing tilt through iShares ETFs but also runs active strategies. Vanguard is best known as a pioneer in passive index investing. The firm manages over $7 trillion globally. Both firms are headquartered in New York City and dominate the global investment landscape.
Other major investment managers based in New York City include JPMorgan, Goldman Sachs, and Bridgewater Associates.
Beyond BlackRock and Vanguard, New York City hosts many other investment giants. JPMorgan Asset Management has over $2 trillion in assets under management globally. The firm covers equities, fixed income, alternatives, multi-asset solutions, and more. Goldman Sachs Asset Management oversees $1.8 trillion in assets. Bridgewater Associates, known for its Pure Alpha hedge fund strategy, manages around $150 billion in assets.
Boutique investment firms such as ValueAct Capital also contribute to New York City’s vibrant investment management industry.
In addition to the household names, New York City houses many specialized boutique investment firms. ValueAct Capital focuses on value investing and activist strategies, overseeing $15 billion in assets. Millennium Management utilizes quantitative and discretionary trading strategies across global markets. Point72 Asset Management invests across equities and credit. These firms and many others add depth and diversity to New York City’s investment management landscape.
New York City is a global hub for investment management, led by trillion-dollar titans BlackRock and Vanguard. Major banks like JPMorgan and Goldman Sachs plus alternative managers like Bridgewater round out the top firms. Boutiques also thrive, making New York a dynamic epicenter for investing.