A Dublin-based management company for Legal & General Investment Management (LGIM) European funds has been authorised by the Irish regulator.
The Central Bank of Ireland authorised LGIM Managers (Europe) Limited which will manage all LGIM’s EU-domiciled funds within Europe after the UK leaves the EU.
The “Super ManCo” was set up to manage LGIM’s Ucits and Alternative Investment Funds located in the European Union (EU).
The funds under the Super ManCo have a variety of investment strategies including index, active equity, bonds, multi-asset, and money markets.
LGIM said the new management company would ensure the necessary governance was in place well ahead of the UK leaving the EU, so that it could continue to service and grow its client base, irrespective of the outcome of any negotiations.
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