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Legal & General are UK’s ‘first £1trn investment manager’

by LLB Reporter
6th Mar 19 9:26 am

Legal & General investment management have become the UK’s first investment management firm to hit £1trn.

The firm had a spate of infrastructure deals in 2017, they put money into clean energy, commercial real estate and residential property.

The company saw assets under management rise 3% to £1.02trn.

Nigel Wilson the chief of Legal & General said the negative impact of political uncertainty was having on asset prices, although L&G performed strongly.

Wilson said, “2018 saw political uncertainty, asset market declines and slowing economic growth, but we are resilient and performed strongly.

“We became the UK’s first £1trn investment manager, executed a record £9bn of pension risk transfer deals and invested billions in the UK’s future infrastructure and cities.”

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