AGI reports record inflows in 2009
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Allianz Global Investors (AGI) saw record net inflows from clients of €91.2 billion (£82.7 billion) in 2009.
The group’s assets under management grew by 25% to €1,178 billion and operating profits by 51% to €1,362m.
Joachim Faber, the chief executive officer, says AGI has seen a “revival in demand” for active asset management, in particular for fixed income. (article continues below)
“We passionately believe that active management adds value, especially in what continues to be a challenging market environment,” Faber says in a statement. “In 2010 we will continue to focus on what we do best, following our proven business model and long-term approach while continuing to invest for future, profitable growth.”
