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LGIM becomes the first asset manager to be chosen by the pooled local authority scheme

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Legal & General Investment Managers has won a coveted passive equity mandate from Brunel Pension Partnership, making it the first asset manager to be chosen by the pooled local authority scheme.

LGIM has been picked to oversee £4bn of money for Brunel — the £29bn superfund formed following a wholesale shake-up of Local Government Pension Schemes in England and Wales, merging them into eight regional pools.

Legal & General wins £4bn mandate from Brunel superfund

L&G wins £4bn mandate from Brunel superfund

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