UK - Members of the Association for Institutional Multi-Manager Investing have seen assets under management soar by £600m since the beginning of 2002.
The figure represents 61 institutional relationships and is testament to the increased popularity of multi-managers among pension fund investors.
AIMMI chairman Guy Davies expects the trend to continue.
He said: “With the majority of investment consultants embracing the concept as an alternative to traditional solutions and trustees becoming more aware of its benefits, we expect substantial growth in the coming years.”
Davies also announced the association’s intention to release a quarterly statement to outline the progress of its members.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers