| Top investment managers, benchmarked against volume-weighted average price | ||
| Rank 1 | Investment manager 2 (No. of countries firm traded in) | Difference vs. E/M universe (basis points) |
| 1 | Oechsle International Advisors (25) | 37.37 |
| 2 | Marathon Asset Mgmt (29) | 31.32 |
| 3 | Goldman Sachs Asset Mgmt (36) | 25.41 |
| 4 | Dimensional Fund Advisors (39) | 23.33 |
| 5 | Capital Guardian Trust Co. (40) | 21.68 |
| 6 | Mondrian Investment Partners (30) | 21.46 |
| 7 | AllianceBernstein (38) | 18.77 |
| 8 | Genesis Investment Mgmt (21) | 18.58 |
| 9 | Acadian Asset Mgmt (38) | 18.52 |
| 10 | Baillie Gifford & Co. (33) | 17.04 |
| 11 | Batterymarch Financial Mgmt (37) | 14.28 |
| 12 | BlackRock Investment Mgmt (38) | 14.02 |
| 13 | GMO (41) | 13.28 |
| 14 | Lazard Asset Mgmt (34) | 12.24 |
| 15 | Franklin Templeton Investments (23) | 10.54 |
| Top brokerage firms, benchmarked against volume-weighted average price | ||
| Rank 1 | Brokerage Firm 3 (No. of countries firm traded in) | Difference vs. E/M universe (basis points) |
| 1 | Bloomberg Tradebook (32) | 26.63 |
| 2 | Instinet (39) | 21.88 |
| 3 | Liquidnet (27) | 21.26 |
| 4 | Citigroup (42) | 19.65 |
| 5 | Sanford C. Bernstein (28) | 18.70 |
| 6 | UBS (42) | 17.39 |
| 7 | Deutsche Bank (42) | 16.93 |
| 8 | Brockhouse & Cooper International (31) | 16.40 |
| 9 | Macquarie Group (25) | 15.87 |
| 10 | Exane BNP Paribas (32) | 15.27 |
| 11 | Credit Suisse (39) | 13.28 |
| 12 | Crédit Lyonnais (19) | 10.11 |
| 13 | Goldman Sachs (41) | 9.77 |
| 14 | J.P. Morgan (43) | 8.88 |
| 15 | Nomura (18) | 8.81 |
| Top - firms, benchmarked against arrival price | ||
| Rank 1 | Brokerage Firm 4 (No. of countries firm traded in) | Difference vs. E/M universe (basis points) |
| 1 | UBS (42) | 63.70 |
| 2 | Nomura (18) | 51.95 |
| 3 | Bloomberg Tradebook (32) | 42.65 |
| 4 | Sanford C. Bernstein (28) | 41.10 |
| 5 | Citigroup Global Markets (42) | 32.99 |
| 6 | Credit Suisse (39) | 32.17 |
| 7 | Merrill Lynch (36) | 29.97 |
| 8 | Brockhouse & Cooper International (31) | 25.86 |
| 9 | Goldman Sachs (41) | 12.35 |
| 10 | Deutsche Bank (42) | 11.95 |
1 Rank is for 12 months ended June 30.
2 Includes managers with more than $2 billion in principal traded.
3 Includes brokerages with more than $4 billion in principal traded.
4 Includes brokerages with more than $4 billion in principal traded.
Source: Elkins/McSherry.
