UK - Investec Asset Management has won more than £600m in new mandates during the past 12 months.
The firm was awarded segregated mandates worth a combined total of £389m from 21 new clients, including local government pension schemes, insurance companies and corporations.
Investec has also won a further £230m worth of segregated cash and fixed income mandates from existing clients.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.