State Street Global Advisors has consolidated its position as the world's largest fund manager and the only firm running over $1 trillion (€816.7bn) after market recovery and strong inflows of new business.

According to the annual Pension & Investments' money manager survey SSgA, the fund management operation of US State Street Corporation, managed $1.1 trillion of institutional assets at the end of last year with Barclays Global Investors retaining second spot, with $958bn under management.