GLOBAL - The UK remained top for mandate searches in 2007, according to a survey conducted by institutional investment newswire MandateWire.
In second place in monetary terms was France with £3.4bn, but with only seven searches. Italy had conducted 52 searches but in monetary value it only equated to £2bn.
The survey was based on figures from MandateWire's annual deal flow, which covered 900 institutional investors and £2.3trn of assets.
The breakdown of the number of mandates for the different asset classes showed that the most searches had been completed on global equities, (36 searches, £10.8bn assets) but LDI and structured solutions had come in a close second for the number of searches, with 33 searches. However, in terms of assets it was alternatives that came second with £7.6bn of assets.
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