Legal & General investments division has a good year
www.moneynews.co.uk > Banking > Legal & General investments division has a good year
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Money News |
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Legal & General investments division has a good year
Fri 27th Mar 2009
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The investment management fund revealed that its pre-tax profits rose to £172 million from £147 million in 2007. On top of this it attracted new gross business inflows worth £30.9 billion.
At the end of 2008, Legal & General's investment division had £264.2 billion under management.
Peter Chambers, chief executive officer of LGIM, said: "2008 was a very difficult year for the economy as a whole and especially for many fund managers.
"Against this complex backdrop, LGIM has thrived, both increasing profitability and expanding our client base."
Legal & General was founded in 1836 and now manages funds for around 5.8 million people in the UK.
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Related News : Legal and General |
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