UK - Barclays Global Investors (BGI) has reportedly experienced a strong demand from UK pension funds for its multi-asset portfolios and raised over US$ 1bn in the past year.
Hugh Cutler, head of the strategic solutions group at BGI, said if last year’s theme was liability driven investment (LDI) this year’s major theme seemed to be the drive for diversity and noted a growing interest from investors in new asset classes, according to a report.
He added that while the majority of funds raised in multi-assets had been new money, the firm had also seen some clients moving from existing equity portfolios into funds where they had much more discretion over the mix of assets.
It is thought that BGI has predominantly allocated to asset classes such as hedge funds, commodities, infrastructure, real estate investment trusts (REITs) and high yield bonds.
In a separate development, Global Pensions recently reported that the DIAM Group beat BGI to become the largest Japanese pension fund manager.
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