L&G – Asset Management in the news

Gareth Mee will become CEO of L&G's Institutional Retirement division in December 2025, succeeding Andrew Kail who will move to Group CFO.

Dutch pension fund PFZW pulled €29bn mandates from BlackRock and LGIM to adopt a sustainability-focused, actively managed investment strategy.

PGGM ended equity mandates with L&G and BlackRock to focus on sustainability and stewardship alignment, continuing partnerships elsewhere.

Chancerygate bought a 17-property multi-let industrial portfolio from LGIM, expanding its UK commercial real estate holdings.

GIC and Chancerygate bought a £120M multi-let industrial portfolio from LGIM, expanding their UK logistics property holdings.

Bill Hughes leads LGIM's private markets expansion, growing assets to £65 billion with a focus on real estate, private credit, and impact investing, targeting £85 billion by 2028.

Legal & General holds a leading UK pension risk transfer position and a large asset management business but faces fee growth challenges and regulatory risks despite strong capital and dividend yield.

Legal & General aims for sustainable growth and shareholder returns through strategic consolidation, strong capital generation, and disciplined financial management by 2028.

Investment in the UK Build to Rent sector is accelerating, with Colliers advising LGIM on a key property acquisition.

Legal & General Asset Management launched Europe's first equal weight S&P 100 ETF offering diversified US large-cap exposure with reduced concentration risk.

Legal & General is actively pursuing net zero emissions by 2050 through investments, influence, and operational changes focused on decarbonisation.

Jamie Jones is leaving LGIM to join BNY's outsourced trading unit, amid several other key hires in major financial firms.

Post-pandemic offices are evolving to support flexible work, cost-efficiency, and ESG goals through modern design and carbon reduction.

LGIM aims to transition its £19 billion UK real estate portfolio to net-zero carbon by 2050, with interim targets to cut emissions by 2030, focusing on tenant collaboration and sustainable development.

Legal & General partners with Blackstone to enhance its annuities and asset management businesses through access to Blackstone’s private credit funds and solutions.

LGIM trader Jamie Jones is leaving to join BNY's expanding outsourced trading unit in London.

The Legal & General US Index fund is a low-cost, conservatively managed tracker investing broadly in US large and mid-cap stocks, closely following the FTSE USA Index with a strong tech sector weighting.

Jesal Mistry is departing LGIM after six years, having led DC investment strategies and advocated for private market investments.

The Legal & General UK Mid Cap Index fund offers low-cost, broad exposure to medium-sized UK companies with a focus on tracking the FTSE 250 ex Investment Trusts Index, managed conservatively with ESG considerations in the broader firm.