LGIM Assets Rise In ‘09

Feb 19 2010 | 9:15am ET

Legal & General Investment Management, which recently launched its third hedge fund, saw a nearly 20% increase in assets under management last year, as its non-index fund clients poured new billions into the firm.

All told, LGIM’s AUM grew 19% to £315 billion in 2009. Net inflows were £8.8 billion.

The firm took in some £31.5 billion in new business inflows. Nearly a quarter of that money came from non-index funds, up from 14% in 2008.

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