• Investec Asset Management
  The UK asset management arm of the South African financial services company has registered a record year of net inflows over the 12 months to March, with a net £5bn, up from £1bn the year before, helping take its assets under management to £46bn. Its global energy, UK small cap and balanced managed strategies have been top performers.
• Legal & General Investment Management
  The predominantly passive manager has won numerous mandates from UK institutional investors in the past year. This has been helped by its index-tracking investment style coming into vogue, but also by its reputation for excellence in client service. New mandates have come from Kensington & Chelsea to Cornwall.
• M&G
  The Prudential’s asset management arm has continued to be popular with retail investors, particularly for its fixed-income funds, and it has won AAA-ratings from UK agency Old Broad Street Research and top rankings from German agency Feri. In the institutional market, 94% of its institutional mandates are ahead of benchmark over three years. The BBC, Firth Rixson and the Church Commissioners have given it mandates in the last year.
• Marathon Asset Management
  The equity manager founded in the UK by Bill Arah in 1987 generated top-decile returns in the last year and the firm has been winning mandates, most recently gaining more money from the Witan Investment Trust.
• Threadneedle
  The Automobile Association, Biffa and the Football League Professional Footballers’ Pension Scheme have trusted Threadneedle with their money this year, along with many other institutional investors. Fund rating agency Feri said that, as at the end of June, it was the best large fund group in the UK.

• Credit Suisse Asset Management
  The Swiss bank’s asset management arm won mandates from Manpower and Nexans Suisse in Switzerland, where it was regarded well for its offerings in fixed income, Swiss equities and alternatives.
• Partners Group
  The Swiss-listed manager of funds of private equity and hedge funds has done well exporting its services, winning a private real estate mandate from the Korea Investment Corporation and mandates from UK institutional investors. It raised Sfr3bn in the first half of 2010, taking its assets under management to almost Sfr27bn.
• Pictet Asset Management
  The €80bn institutional asset management arm of the Swiss private bank has seen its timber investment strategy become a top performer of late. Its global emerging markets equities strategy has also been a winner.
• Bank Sarasin
  Sarasin specialises in global thematic investment funds. Its parent bank increased its assets under management to Sfr96bn as at the end of June, helped by Bank Sarasin winning mandates from the UK’s Pension Protection Fund.
• UBS Global Asset Management
  The asset management arm of the Swiss bank has been awarded mandates in fixed income and equities by Swiss institutional investors in the past year, as well as others elsewhere in Europe.

• AllianceBernstein
  The US subsidiary of France’s Axa Investment Managers impressed investors with its offerings in fixed income, global equities, Japanese equities and emerging markets equities – where its value strategy has been a top performer over the year to March – leading to mandate wins in Iceland, Sweden and Denmark
• BlackRock
  Nordic investors from Iceland to Sweden to Finland took to the merged Barclays Global Investors/BlackRock business. Sweden’s AP-Fonden 1 liked its distressed mortgage securities fund, while AP-Fonden 3 liked its emerging market equities strategy.
• DnB NOR Asset Management
  Norway’s largest asset manager has more than 630,000 mutual fund customers in Norway, and 294 institutional clients in Norway and Sweden. Last year, Skandia renewed a Skr80bn mandate, including tactical asset allocation, while new mandates include a global equities brief from AI Pension.
• JP Morgan Asset Management
  The division of the US bank marks a decade in the Nordic region this year, with an eight-strong office in Stockholm. Nordic institutional investors including Denmark’s MP Pension have warmed to JP Morgan Asset Management’s global equities offering.
• Nordea Investment Management
  The asset management arm of the Stockholm-based, international bank has been running long-only products since 1990 and absolute return products since 2004, and has organised its investment teams in a multi-boutique structure. Recent mandates have come from the Central Church of Finland and Denmark’s PenSam Group.

• Allianz Global Investors
  The Italian arm of the German-headquartered, global asset manager has been awarded mandates by Italy’s Cometa, Pegaso and Giornalisti funds, while Banco di Sardegna renewed its contract for the next 10 years.
• Eurizon Capital
  This subsidiary of Intesa Sanpaolo has been one of the most popular asset managers among Italian institutional investors in the past year, winning mandates totalling more than €1bn, for fixed income, funds of hedge funds and balanced mandates.
• Fimit
  The Italian real estate investment company, which was set up in 1998 by MedioCredito Centrale Bank, has won a series of Italian property mandates to take its assets under management to more than €5bn.
• Generali Investments
  A €500m mandate from Italy’s Fondo Cometa was one of several won by Generali Investments in the last year. The Trieste subsidiary of Italy’s insurer Generali has impressed investors with its expertise in fixed income and balanced.
• State Street Global Advisors
  SSgA’s Milan office has helped the company win mandates this year from institutional investors including Dottori Commercialisti, Fondo Cometa and Telemaco.

• Aethra Asset Management
  Founded last year in the Netherlands and London by asset managers formerly at ABN Amro, Aethra uses exchange-traded funds to run an asset allocation strategy and invests in European equity. It listed the Aethra Global Strategies fund on Euronext Amsterdam in May – the first Dutch hedge fund to be listed on an exchange.
• APG Asset Management
  The former asset management arm of Dutch pension scheme ABP helped raise ABP’s all-important coverage ratio back over 100% this year, recovering all the losses made on its assets since the start of 2008, only to see it slip back to 95% when the euro swap rate fell in May.
• BNP Paribas Investment Partners
  The integration between BNP Paribas and Fortis, initiated last year, has been largely completed. The former Fortis global equity fund beat all its rivals over the year to March, and the group was appointed to manage fixed income for the Dutch province of Fryslân.
• Mn Services
  The company is known as a fiduciary manager in the Netherlands, but last year a UK investor, the Macmillan Cancer Support Pension Scheme, also appointed it for the role. Mn Services has nearly 60 years of experience in investment management services.
• Petercam
  The Belgian-headquartered firm achieved top-decile performance in high-yield bonds and European equities over the year to March. Eurocontrol, the air traffic control organisation, was one of those that awarded Petercam a mandate in the past year.

• Allianz Global Investors
  Having integrated first Dresdner Bank’s fund business then Commzerbank’s, the global asset management arm of the German insurer has seen its equities arm RCM generate top-decile returns over one and three years while its fixed-income arm, Pimco, has crested $1 trillion of assets.
• Aquila Capital
  Founded in 2001, Aquila Capital is an independent alternative investment firm with more than €2bn of assets under management. It comprises more than 50 investment staff in structuring, fund management and operations.
• DB Advisors
  The institutional arm of Deutsche Bank’s asset management business has won global equities mandates from the UK, risk overlay mandates from Germany and bond mandates from France.
• Lupus alpha
  A decade on from its foundation, the independent, family-backed German manager has seen its asset under management grow to more than €6bn, supported by a staff of 80. It is nurturing portfolio managers through its “talent hotel”.
• Union Asset Management
  The holding company for subsidiaries including Union Investment Institutional, Union Investment Real Estate and quantitative specialist Quoniam Asset Management has €170bn of assets under management.

• Amundi Asset Management
  The merger of Société Générale and Crédit Agricole’s asset management arms, rechristened Amundi in January, has given top-quartile performance in emerging market equities over one and three years and won mandates, including a €600m global bond mandate from Italy’s Fondo Cometa.
• BNP Paribas Investment Partners
  Integration with Dutch bank Fortis’ asset management arm has given BNP Paribas the opportunity to bolster its European equities team while its US bond subsidiary, Fischer Francis Trees & Watts, and its fund of hedge funds unit, Fauchier Partners, have been impressing consultants and clients.
• Carmignac
  The French family firm has continued raising assets, taking its total from €10bn 18 months ago to €40bn, while its flagship fund Carmignac Patrimoine has continued to perform. The founder’s daughter, Maxime, rejoined the firm this year.
• Comgest
  A consistently high-performing equities manager with particular expertise in emerging markets and Asia, Comgest has won emerging markets mandates from Manchester to Helsinki in the past year.
• Natixis Global Asset Management
  Italy’s Fondo Arco and France’s Fonds de Réserve pour les Retraites have given mandates to Natixis in the past year. Including its affiliates, which include Harris Associates and Loomis, Sayles, Natixis is one of the largest asset mangers in the world.

• bfinance
  bfinance’s investment consulting practice focuses on selecting investment managers. Founded in 1999, bfinance has serviced more than 300 clients from 20 countries and has grown to more than 60 employees worldwide. Its innovative approach to charging fees is now being emulated by others.
• KPMG
  The investment consulting arm of the global accounting firm has been winning business and growing its team. In particular, it has developed a reputation for the advice it provides to the companies that sponsor pension schemes, as well as advising pension scheme trustees.
• Lane Clark & Peacock
  LCP is a partnership of consulting actuaries that was established in 1947. The firm has over 80 partners and principals and a team of more than 500 employees in eight offices across Europe.
• P-Solve
  The investment consulting arm of UK actuary and consultant Punter Southall was founded in March 2001 and has grown to 130 clients, with sizes ranging from £2m to £6bn. It has a range of underlying businesses in risk management, investment, derivatives, investor relations and communication, technology and legal sectors.
• Redington
  Four years after launch, Redington has assets under consulting of more than £150bn, employing 45 staff to advise clients in Europe and North America. In the last year it set up mallowstreet, an internet-based private forum for pension schemes.

• Aon Consulting/Hewitt Associates
  This summer, insurer Aon agreed to merge Hewitt’s $950bn consultant division with its own, $250bn, unit. The following week, Hewitt said it was planning to acquire Ennis Knupp, a US investment-consultant advising on $2 trillion.
• Hymans Robertson/Abelica Global
  The Glasgow consultant, which is part of an international organisation of legally independent actuarial firms formerly known as Milliman Global, beat rivals this summer to retain its position as adviser to the Strathclyde Pension Scheme, one of the largest UK public authority schemes where it has worked for more than 30 years.
• Mercer Investment Consulting
  The business has been advising institutional investors and companies for more than 30 years. It employs 610 full-time consultants to advise more than 2,700 clients with assets in excess of $3.5 trillion.
• Towers Watson
  Following last year’s merger of Watson Wyatt and Towers Perrin, Towers Watson has one of the industry’s largest investment strategy teams, with disciplines that include investment banking, asset management and actuarial science. More than 100 investment manager researchers cover mainstream to alternative investments for more than 1,000 institutional investors with assets of $2 trillion.

• APG Asset Management
  APG spun out of Dutch pension scheme ABP in 2008. In the last year it has retained the 10 mandates it took over in merging with rival Cordares, including a fiduciary management mandate for €26bn Dutch pension scheme BPF Bouw. Its connection with ABP should help it understand pension schemes’ needs.
• BlackRock
  Risk management is a key focus for BlackRock, the world’s largest asset management company, and it has combined this with expertise across a wide range of assets to develop its fiduciary management offering. In September, the £400m PA Pension Trustees became one of the first UK schemes to adopt fiduciary management, and selected BlackRock.
• Cardano
  The Dutch consulting and asset management group established over a decade ago has continued to win clients, including the UK’s G4S Pension Scheme.
• Mercer
  In four years, the implemented consulting section of this global investment consultant has won €5bn of European assets under management, while globally it has amassed $30bn over 15 years. UK pension scheme BT, with liabilities of £44bn, this summer appointed Mercer for long-term advice on manager selection and implementation.
• P-Solve Fiduciary
  The delegated management service of UK actuary and consultant Punter Southall passed £2bn assets under management in May, having won mandates from 43 UK pension schemes since 2003. Its equity investments made 19.6% from May 2007 to December 2009, beating the market by 14.5 percentage points, with almost half the volatility.

• Arcus Infrastructure Partners
  Arcus was founded last July from a management buyout of part of Babcock & Brown’s European infrastructure business. The UK’s largest infrastructure manager was awarded more money this year from Finland’s Ilmarinen pension insurance company.
• Goldman Sachs
  The bank’s infrastructure arm had almost $10bn under management at the end of the year, when the assets it was running for pension schemes had increased from $4.1bn at the end of 2008 to $5.4bn, according to investment consultant Towers Watson.
• JP Morgan Asset Management
  The bank’s infrastructure investment business runs its operations from teams in New York, London, Hong Kong, Singapore and Mumbai. It was running $4.3bn at the end of the year.
• Lombard Odier
  The Swiss bank is one of the largest managers of pension scheme money in infrastructure, and it hopes its ethical approach to investment will attract more.
• Macquarie Funds Group
  The largest infrastructure investment manager in the world, with more than $90bn of assets under management, has been winning institutional business in Europe, including a mandate from the London Borough of Hillingdon.

• Fauchier Partners/BNP Paribas Investment Partners
  The veteran fund of hedge funds manager with $7bn under management went through a senior management change last year, with Clark Fenton taking over from Christopher Fawcett as chief executive. Hillingdon awarded it a mandate this spring.
• Goodhart Partners
  The almost-$1bn UK specialist multimanager compares itself with single managers, and reckons it has been beating them. Its long/short fund beat its benchmark by more than 20 percentage points in the second quarter.
• Gottex Fund Management
  The Nestlé pension scheme, one of Europe’s largest investors in hedge funds, selected its co-national Gottex, the biggest non-US fund of hedge funds manager of pension scheme money. It has been dining out on the story of it turning down fraudster Bernard Madoff.
• Hermes Fund Managers
  Hermes is owned by the UK’s BT pension scheme. It is one of only a handful of managers to run funds of hedge funds and funds of private equity funds. In December it won a mandate from the UK Innovation Investment Fund.
• Partners Group
  The Swiss-listed manager of funds of private equity and hedge funds won mandates from, among others, Strathclyde, the Pension Protection Fund and Buckinghamshire.

• Aviva Investors
  The UK insurer’s asset management arm has won property mandates in UK, including British Waterways, and Belgium, including air traffic control organisation Eurocontrol.
• DTZ Asset Management
  Strathclyde, one of the largest local authority pension schemes in the UK, chose DTZ to manage a £750m direct property mandate this summer.
• ING Real Estate Investment Management
  The world’s largest property asset manager, with more than $90bn under management, was put up for sale by its Dutch parent bank last year, with a long timetable. It has won mandates from Swedish and UK pension schemes.
• Rockspring Property Investment Managers
  The UK’s fourth-largest real estate asset manager was mandated last year by the National Pension Service of Korea to help invest up to $3bn in central London trophy assets. This summer, it closed its UK Value fund on £700m.
• Threadneedle Asset Management
  With $8bn of property assets under management at the end of last year, UK manager Threadneedle’s property team has been with the firm for an average of nine years. It has won mandates from the UK to Sweden in the past 12 months.

• BlueCrest Capital Management
  Finland’s Local Government Pensions Institution was one of several institutions that awarded a mandate to this UK manager, which late last decade supplemented its predominantly fixed-income offering with a computer-driven fund, BlueTrend, that has been one of the best performers in its sector.
• Brevan Howard
  The firm led by Alan Howard, who swapped London for Geneva this year, has maintained its position as Europe’s largest hedge fund manager by increasing its assets to $30bn. The UK’s Field Group pension scheme increased its allocation to Brevan Howard this year.
• GLG Partners
  UK-quoted Man Group is expected to help UK-based, US-listed GLG Partners distribute its products, after their merger, but GLG already has institutional clients, including Rolls-Royce. Its UK equity performance over three years is second to none and it is well regarded as an emerging markets manager.
• Odey Asset Management
  Investors have had to put up with underperformance this year from one of the UK’s longest-standing long/short equity managers, but Odey’s long-term performance remains impressive.
• Winton Capital
  Winton’s business is researching and developing computer programmes to invest in global markets through the use of futures contracts. It has made money for the investors in its funds over the long term, and this year won mandates from institutions including the UK’s Pension Protection Fund.

• iShares (BlackRock)
  The dominant force in global exchange-traded funds with approaching $500bn invested in more than 400 funds, iShares, acquired by BlackRock last year as part of Barclays Global Investors, runs 47% of the world’s total ETF assets.
• db x-trackers (Deutsche Bank)
  Deutsche Bank has become Europe’s third-largest ETF provider since launching db x-trackers in 2007, with more than €20bn, and last summer began offering one of its most popular ETFs for free.
• Lyxor Asset Management (Société Générale)
  The subsidiary of Société Générale has been competing in the ETF market since 2001 on the basis of flexibility, and now counts €34bn of ETF assets under management
• State Street Global Advisors
  State Street’s SPDR funds are among the most actively traded ETFs in the world and, with almost $150bn in 88 ETFs, and 21% of the US ETF market, State Street is one of the biggest providers.
• Vanguard
  Cutting prices helped this US provider increase its market share by 4% last year, taking it to almost $100bn of assets in 46 ETFs.

• APG Asset Management
  The Dutch manager is the only asset manager to partner the World Resources Institute’s research on the financial impact of environmental issues, and is tailoring its approach to environmental, social and governance issues to each of the 14 asset classes and investment strategies it uses.
• Generation Investment Management
  The UK firm founded by Al Gore and David Blood won an SRI mandate from the Swedish Church Pension Fund.
• Hazel Capital
  Ben Guest, formerly of William von Mueffling’s Cantillon Capital Management, set up Hazel Capital in 2007 with the backing of Lord Rothschild as a specialist in clean technology. Its Cleantech equity fund has been outperforming its benchmark by double-digit percentage points.
• Impax Asset Management
  This UK company, which focuses on markets for cleaner delivery of basic services, floated the Impax Asian Environmental Markets investment trust in November, raising more than £100m, and won a mandate from Skandia Group to manage the relaunch of the Skandia Ethical fund.
• Sustainable Asset Management (SAM)
  A Zurich subsidiary of Dutch manager Robeco altered its management fees to cover costs only and won SRI mandates from the Swedish Church Pension Fund.

• Aberdeen Asset Management
  Three of Aberdeen’s four emerging market debt funds are top decile over the 12 months to March, while two of its three emerging markets equities funds are top quartile. Italy’s Institute of Journalists picked Aberdeen to invest its money in emerging markets this year.
• Baring Asset Management
  Barings, which won the Queen’s Award for Enterprise, international trade, this year, has emerging markets equities funds that are ranked in the top quartile over one, three and five years.
• Franklin Templeton
  The firm that employs emerging markets specialist Mark Mobius has won mandates in emerging markets equities and emerging markets fixed income in the last 12 months, while its Templeton Asian Growth fund has turned in top-decile performance over the last one and three years.
• Skagen Funds
  This Norwegian asset manager has won mandates in the UK, Denmark and Finland, and retained top ratings from fund ratings agencies, with performance in emerging market equities that is top quartile over one year, top quartile over three years and top decile over five years.
• Robeco
  The Dutch asset manager led by Roderick Munsters has generated top-quartile performance in its three emerging market equities strategies over 12 months and won mandates, including one worth more than €1bn from France’s state retirement fund.

• Allianz Global Investors
  The German insurer’s asset management arm has a unit called Risklab to advise clients on risk management and strategic investment decisions, and has won a multi-asset mandate in Italy, while its subsidiaries Pimco and RCM have been attracting consultants’ interest.
• Axa Investment Managers
  The asset management arm of the French insurer has a team of 15 investment professionals running 72 portfolios and £15.6bn managed within an LDI framework.
• BlackRock
  The world’s largest asset management company by far, with more than $3 trillion under management, has focused on risk management. Swiss Re and Equitable Life have handed it multibillion euro mandates.
• DB Advisors
  The institutional asset management arm of Deutsche Bank won money from France’s state retirement fund.
• Insight Investment
  BNY Mellon picked up the fixed-income expertise of Insight Investment from Lloyds Banking Group last year, and the liability driven investment specialist has won mandates from Capgemini, Babcock International and Railpen.

(This category includes diversified growth, multi-asset, global tactical asset allocation and dynamic asset allocation strategies)

• Amundi Asset Management
  The merger between the asset management arms of France’s Société Générale and Crédit Agricole – officialised in January – has won a mandate from France’s Fonds de Réserve pour les Retraites, and the UK’s Pensions Protection Fund. Its dynamic asset allocation strategies are first over 12 months, and 2nd over three years.
• Baring Asset Management
  Percival Stanion, who has run asset allocation at Barings for years, recently described asset allocation strategies as “no longer a fashionable trend, more a key component”. Pension schemes from Selfridges to the Dock Workers agreed with him, and gave Barings their money to manage.
• Ruffer
  A relatively low-key manager, which has gained a reputation by word of mouth, Ruffer tailors its investment approach closely to the needs of each specific client. The London Borough of Havering and Interserve have awarded it mandates in the last 12 months.
• Schroders
  The UK’s largest quoted asset manager has made headway in diversified growth, part of multi-asset, with clients including the British Standards Institution and the Claas UK Retirement Benefits Plan.
• Standard Life Investments
  The Edinburgh investor has been promoting its Global Absolute Return Strategies fund and has won mandates for multi-asset and asset allocation, including the BTG Pension Fund and that of Henry Boot.

• M&G
  Norfolk and the BBC were among the pension schemes that selected the Prudential’s asset management arm to run their fixed-income portfolios in the last 12 months; it won £9bn of new institutional mandates last year. Eighty-nine percent of M&G’s segregated fixed-income portfolios outperformed their benchmarks over the three years to the end of 2009.
• Goldman Sachs Asset Management
  Pension schemes from Gothenburg to London have asked Goldman Sachs Asset Management to invest their money in bonds over the past 12 months. Their reasons for doing so were generally that they expected Goldman Sachs to meet their long-term needs; which may follow its stated objective of empowering its experts.
• Pimco
  The world’s largest fixed-income fund manager saw its assets under management top $1 trillion in the last 12 months, while it acted on its convictions by launching fundamental indices. Its investment performance over three years was top decile.
• Rogge Global Partners
  Investment consultants argued cogently in favour of Rogge this year, and institutional investors from the UK to Sweden listened to them. It’s been a slow burn: Rogge, founded in 1984, has only $37bn under management, and 87 staff, but good performance.
• Schroders
  The UK’s largest listed asset manager took advantage of the move into fixed income by taking a record-breaking £6bn from investors last year, and another £3bn in the first quarter of 2010. Institutional investors from Italy to Finland chose Schroders to manage their bonds.

• Aberdeen Asset Management
  Aberdeen’s long-term approach, where five years is normal, has given it top-decile returns in global and emerging market equities over three years, and top-quartile performance in UK and European equities over a year. The Sara Lee Dutch pension scheme is the most recent of many to award it a mandate.
• Fidelity International
  Top-decile performance in global equities over the last 12 months, combined with a number-two ranking over three years, has helped persuade consultants to give Fidelity a strong recommendation. Essex and Croydon local authorities were inspired to hand it money.
• Lazard Asset Management
  Over the 12 months to June, Lazard’s performance in Japanese, US, global and emerging markets equities has been well ahead of its rivals. Pension schemes run by the BBC, East Sussex, the Merchant Navy and others have awarded it more than €1bn of mandates.
• MFS Investment Management
  The UK arm of this Boston-based manager has won 29 new UK institutional mandates in the past 18 months, worth £2.5bn, and has a further 14 and £500m in transition. Its UK, European and global equity funds are top quartile over the last 12 months.
• RCM/Allianz Global Investors
  Top decile in global equities over one year; top decile in European equities over one year and 3rd overall over three years: RCM has justified those who kept faith with it through the difficulties of 2008, and it has won mandates, including the Church of England, the Pension Protection Fund and Wandsworth council.

• Neptune Investment Management
  The UK boutique is highly regarded in the retail market, with one fund holding a AAA-rating by Old Broad Street Research and seven of its nine rated funds receiving top ratings from Feri. But it has also been winning mandates from institutional investors, where its five-year global equities performance is top decile.
• Cairn Capital
  The UK credit specialist has almost doubled in size over the last three years as its skills in structuring and advisory services, funds and asset management have been in demand. Its assets under management have grown to almost $30bn, and its staff numbers have gone into the 50s.
• Goodhart Partners
  Specialist is the name of the game for Goodhart. Few multimanagers go as far: its most recent investment is with a Japanese equity manager focusing on cash-rich micro-caps. Its bond and long/short funds have outperformed, and it won two local authority mandates last year and a third this summer, taking assets to $1bn.
• JO Hambro Capital Management
  A top-decile UK equity fund manager over one and three years to March, with top-quartile performance in European equities, JO Hambro, with assets of £3bn, has counted Transport for London as one of its mandate wins this year.
• Majedie
  The UK manager’s decision to maintain a £4bn cap on its assets under management has helped it secure top marks in managing money for institutional investors: rivals reckon Majedie’s UK equities performance over five years is second to none.

• F&C Asset Management’s agreed acquisition of Thames River Capital
  UK-listed F&C saw acquiring UK boutique Thames River Capital as the ideal way to increase its product range. The price of Thames River’s 90 basis point fee margin, which is four times F&C’s, was £34m – plus another £140m, if Thames River meets all its targets by 2016.
• Flotation of Jupiter Fund Management
  Managing to avoid a single quarter of net outflows from its UK equity retail funds over the last decade helped Jupiter persuade the stock market to embrace its stock, which rose 15% on initial trading in June despite volatility.
• Hewitt Associates’ merger with Aon
  Insurance broker Aon Corporation’s agreement to buy consultant Hewitt Associates for $4.9bn this July was followed a week later by Hewitt buying US investment consultant Ennis Knupp. If all works according to plan, Aon/Hewitt/Ennis will become the world’s second-largest investment consultant, with more than $3 trillion under advisement.
• Man Group’s agreed acquisition of GLG Partners
  UK-listed Man Group realised a longstanding dream in May when it spent $1.6bn buying UK-based, US-listed, GLG Partners: it finally expanded its range of hedge funds, complementing its computer-driven AHL programme and its funds of hedge funds. Man paid 6.8% of GLG’s assets under management. Man’s distribution should help GLG.
• Schroders’ purchase of a 49% stake in RWC Partners
  Schroders continued its long line of small acquisitions by acquiring a minority stake in UK hedge fund manager RWC Partners, in June. RWC, which was founded in 2000 and manages $2.2bn, will remain autonomous, but the backing will help: in July, RWC hired two top managers from Threadneedle.

• Erica Beltrami, Lane Clark & Peacock
  Beltrami joined the actuarial firm’s investment consulting team as an associate in 2008, focusing on research. She graduated in mathematics and business studies in 2003.
• James Elks, Martin Currie
  Elks joined the asset manager’s UK team as an institutional and consultant relations manager, having previously worked at Credit Suisse Asset Management, Bramdean Asset Management and Investec Asset Management.
• Sam Gervaise-Jones, bfinance
  Gervaise-Jones joined bfinance’s research team from Standard & Poor’s in 2004. As director of UK business development UK, his client base has grown to account for half of bfinance’s revenues over the last 12 months, and includes IBM, Michelin and John Lewis.
• Boris Mikhailov, Mercer
  A consultant within Mercer’s Financial Strategy Group, which advises on risk mitigation strategies such as liability-driven investment, longevity hedging and pensions buyouts.
• Nick Trueman, T Rowe Price
  Trueman joined T Rowe Price’s global consultant relations team in 2007 to focus on UK and Irish investment consultants. He was a consultant relationship manager at Axa Rosenberg.

• Elizabeth Corley, Chief Executive Officer, Allianz Global Investors Europe Holding GmbH
  Corley, who joined Allianz in 2005, has been building up her firm’s services in risk management and strategic investment, where its Risklab division has clients in Germany, the Netherlands and France. She has presided over the creation of a European asset management platform and growth at subsidiaries Pimco and RCM while writing thrillers.
• Helena Morrissey, chief executive, Newton Investment Management
  Under Morrissey’s leadership, Newton has tried to combine the power of ideas with the stability needed to build trust. That has meant developing services such as multi-asset, while shutting down outdated funds. The Football League Professional Footballers’ Pension Scheme was convinced: it gave Newton a multi-asset mandate in May.
• Anne Richards, chief investment officer, Aberdeen Asset Management
  Since becoming chief investment officer in 2003, Richards has guided Aberdeen to pre-eminence among equity asset managers, where it has top-quartile funds in UK, European, emerging market and global equities, as well as expertise in fixed income, real estate and funds of hedge funds.
• Anita Skipper, corporate governance director, Aviva Investors
  It was 1993 when Skipper joined Morley Fund Management, the precursor of Aviva Investors, as head of corporate governance. Since then, the UK insurer’s asset management arm has led the way in shareholder engagement, becoming one of the first to throw its weight behind the United Nations’ Principles for Responsible Investment initiative.
• Joanna Munro, chief executive, multimanager, HSBC Global Asset Management
  This maths and engineering graduate from Cambridge with a masters in economics from London School of Economic and a Masters of Business Administration from Stanford has run HSBC’s multimanager unit since 2007. The unit manages $15.5bn. She oversaw a reshuffle of the team’s Asian heads this spring.

• Edward Bonham Carter, Jupiter Fund Management
  Bonham Carter was rewarded for his June decision to brave market volatility and float his company, seeing its share price rise 15%. Equity analysts focused on its standing in the retail market, but its institutional emerging Europe equities strategy is top decile and Jupiter has won mandates from the Institute of Chartered Accountants and Joseph Rowntree.
• Edouard Carmignac, Carmignac
  Canny management has helped this French manager capitalise on the fact that it protected its clients’ capital in 2008, quadrupling its assets in 18 months to €40bn. The firm’s flagship fund has continued to outperform, up 17.6% last year and 7.5% in the first half.
• Michael Dobson, Schroders
  Having taken over at UK-quoted fund manager Schroders in 2001 – with a licence to revive its fortunes – the old Etonian saw his long-term approach vindicated last year when Schroders secured record inflows and regained its place as the UK’s largest quoted asset manager. Profits beat analysts’ forecasts with a 24% rise to £95m.
• Michael McLintock, M&G
  Trumpeted as a potential chief executive for M&G’s parent Prudential, McLintock’s good standing reflects his success at M&G after more than a decade in charge. M&G reported a record £13.5bn in net inflows last years as retail investors sought its bond funds, and 94% of its institutional mandates beat their benchmarks over three years to March.
• Keith Skeoch, Standard Life Investments
  Skeoch lit a fire under the institutional financial services industry by calling for an investigation into investment banking fees, helping push the UK Office of Fair Trading into a formal probe. Meanwhile, Standard Life Investments has won mandates for its corporate bond offerings and approach to asset allocation for pension schemes.

• Aberdeen Asset Management
  Aberdeen turned away from dealmaking this year – after buying a fund of hedge funds business from Royal Bank of Scotland – to focus on its balance sheet. Martin Gilbert’s firm won equity mandates from Falkirk to Rome with top-decile performance over three years in global and emerging market equities.
• Allianz Global Investors
  One of Europe’s three largest asset managers made headway in multi-asset and asset allocation, while its equity subsidiary RCM gave top-decile performance in global equities over one and three years and Pimco, its fixed-income subsidiary, was top decile over three years, expanded into equities and rolled out exchange-traded funds.
• APG Asset Management
  Europe’s largest manager of pension scheme money, spun out of Dutch pension scheme ABP in 2008, APG made 4.5% in the first half of this year and 20% last, regaining all it lost in 2008. A pioneer in responsible investing, it kept all 10 clients inherited from a merger with rival Cordares and is aiming at third parties.
• Brevan Howard
  Europe’s largest hedge fund manager has increased its assets from $24bn to $30bn over the last 12 months, winning mandates from the London Pension Fund Authority and Helsinki insurer Mandatum Life. It has now closed its flagship global macro fixed-income fund. Its founder, Alan Howard, moved from London to Geneva this summer.
• Schroders
  Schroders has won mandates over the last 12 months in fixed income, global equities, emerging market equities, property and commodities. Schroders saw record inflows of £15bn last year, while a further £9bn took its assets to £168bn by the end of March. In June, it took a 49% stake in hedge fund manager RWC Partners.