Investor targeting outside of New York and Boston

Feb 23, 2021
Institutions to visit across North America in the cities that made IR Magazine’s annual top 20 destination list

While the usual cities continue to top the list of most-visited roadshow destinations for 2020, it’s not just about New York, London and Boston.

Each year, IR Magazine publishes a top 20 roadshow destinations list as part of its Global Roadshow Report. In 2020, those three cities – New York, London and Boston – maintained their positions in the top three spots, but what does the global roadshow destination landscape look like outside of the top three?

Including New York and Boston, half of the top 20 list is taken up by North American cities – most of which have moved up the table. The exceptions are Chicago, which maintains its fourth-place position, and Toronto, which is down one place to the seventh most-visited city.

If you’re looking to expand which cities to hit on your next North American roadshow – an easier feat than ever before now that virtual meetings are the norm – IHS Markit has shared some numbers on the biggest institutions by assets outside of New York, London and Boston.

This article looks only at the North American cities featured in the global top 20 destination list, which also features cities from across Europe and Asia. Click here for more information or to download your copy of the Global Roadshow Report 2020

Chicago. =4 in the top 20 global roadshow destination list (no movement on 2019):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Citadel Advisors $89,900 Alternative Active Very high
Harris Associates $86,251 Value Active Medium
William Blair & Company $69,410 Aggressive growth Active Medium
CIBC Private Wealth Advisors $37,981 Growth Active Medium
Calamos Advisors $26,437 Growth Active Medium

 

San Francisco. =4 (up from fifth):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Capital International Investors $371,489 Growth Active Low
Franklin Advisers $177,146 Value Active Low
Dodge & Cox $166,175 Value Active Low
Fisher Investments $137,724 Garp Active Low
Wells Capital Management $101,568 Growth Active Medium

 

Los Angeles. Six (up from ninth):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Capital World Investors (US) $832,996 Value Active Low
Capital Research Global Investors (US) $536,762 Garp Active Medium
PRIMECAP Management Company $141,607 Growth Active Low
WCM Investment Management $44,534 Growth Active Medium
Kayne Anderson Rudnick Investment Management $38,186 Growth Active Low

 

Toronto. Seven (down from sixth):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
TD Asset Management $137,249 Growth Active Low
CPP Investment Board $130,097 Growth Active Medium
RBC Global Asset Management $106,532 Growth Active Low
BMO Asset Management $79,264 Growth Active Low
Mackenzie Financial Corporation $67,866 Growth Active Medium

 

Montreal. Thirteen (up from 15th):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Caisse de dépôt et placement du Québec $101,548 Value Active Low
Fiera Capital Corporation $33,604 Value Active Low
Jarislowsky Fraser $24,677 Growth Active Low
PSP Investments $14,215 Value Active High
Letko Brosseau & Associates $8,849 Value Active Low

 

Baltimore. Sixteen (up from 18th):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
T Rowe Price Associates $1,050,866 Growth Active Low
Brown Advisory $54,342 Growth Active Low
Brown Capital Management $16,318 Growth Active Low
1919 Investment Counsel $13,034 Garp Active Low
DF Dent & Company $8,608 Aggressive growth Active Low

 

Denver. =17 (up from 19th):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Janus Capital Management $213,442 Aggressive growth Active Medium
Colorado Public Employee Retirement Association $27,163 Value Active Low
ArrowMark Colorado Holdings $12,966 Growth Active Medium
Advisors Asset Management $6,044 Garp Active Low
Marsico Capital Management $4,099 Growth Active Medium

 

Dallas. =19 (new to the top 20 this year):

Institution name Estimated assets under management ($ mn) Dominant style Orientation Turnover
Barrow Hanley Mewhinney & Strauss $30,045 Value Active Medium
Westwood Management Corporation (Texas) $9,337 Yield Active Medium
Maverick Capital $6,278 Alternative Active Very high
HBK Investments $3,330 Alternative Active Very high
Avidity Partners Management $2,998 Alternative Active Very high

 

All investor data provided by IHS Markit and correct as of February 19, 2021

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