UK - GMO won six UK equity mandates totalling more than £160m in the first quarter.
The new business comes from across the range of its UK institutional clients – encompassing the corporate, public and multi-manager sectors.
New clients include Accenture, ChevronTexaco and an undisclosed UK local authority.
GMO said some of the wins were “as yet unfunded” DC schemes and were therefore expected to grow rapidly in size. It said UK equities were becoming increasingly good value for pension schemes.
Managing director Paul Bostock said: “We believe UK equities are now at ‘fair value’ compared with US equities which have still not yet reached that point.”
This follows GMO’s announcement of £120m of emerging market mandate wins at the end of March.
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
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.