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.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".
Aegon has called for the government to double the tax exemption on employer-arranged pension advice, up from £500 to £1,000.
Institutional investor confidence in Europe rose by 8.9 points in April with each region showing growing appetite for risk, according to State Street Global Exchange.