UK - Threadneedle Investment posted an encouraging £800m worth of UK institutional business since the start of the year.
London-based Threadneedle cited a £750m overall scoop in its defined benefit business and an estimated £40m in its defined contribution business launched in March.
The firm bagged six UK equity briefs, two property mandates and six clients for mixed and balanced mandates. The firm also won over 11 schemes with its DC offering.
Simon Davies, Threadneedle’s CEO said: “2001 was the year we achieved a major breakthrough for both our defined benefit and defined contribution businesses after our institutional relaunch at the start of 2000. As the year has progressed, an increasing number of both large and small firms of consultants have put our name forward for a variety of appointments.”
He added: “We have had strong growth in our business in a very difficult year for the markets and, for some months, against a background of corporate uncertainty.”
The firm said it maintained an optimistic outlook for 2002.
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