LGIM’s international assets rise by more than a third

Legal & General Investment Management (LGIM) is making progress with plans to expand beyond the UK with a rise in international assets under management of more than a

third last year.

The firm says the international inflows were helped by demand for its liability driven investment (LDI) and active fixed income services in the United States.

“LGIM America now manages assets on behalf of four of the ten largest corporate pension schemes in the US, and has a healthy pipeline going into 2014,” says the firm, in its annual report.

In February, the firm aided its US expansion with the acquisition of Global Index Advisors, an investment adviser to $15.6 billion (€11.4 billion) of assets, based in Atlanta.

LGIM says it also attained a regulatory licence in Asia last year and achieved record sales in Europe and the Gulf region.

The firm reported a net inflow of £15.7 billion (€19 billion) from international clients in 2014, bringing international assets under management to £59 billion. International clients now account for 13% of total assets under management, which were £450 billion at the end of December.

©2014 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST