UK - Association for Institutional Multi-Manager Investing members saw assets under management increase by approximately £1bn last year.
The AIMMI says members – which include MM Asset Management (formerly Attica), Axa, Escher Teams and Northern Trust – established 59 new client relationships while average mandate sizes increased by over 25%.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.