UK - Standard Life Investments' assets under management rose by over 11% to £86.6bn over the 12 months period to May 2003.
Third party assets increased by 30% over last year to a record £15.9bn and worldwide investment sales rose by almost 21% to £1.64bn.
Keith Skeoch, chief executive at Standard Life Investments, said: “Standard Life Investments continues to go from strength to strength after another very positive set of results. Our funds under management stand at a record high of £86.6bn… These are the second highest interim sales figures recorded since the company was launched in 1998.”The fund manager won two new segregated equity mandates – a £175m mandate from Somerset County Council pension fund and £150m mandate from Leicestershire County Council pension fund.
SLI runs over £1bn for UK local authority pension funds across a range of asset classes.
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