Business booms at Legal & General

Legal & General Investment Management, the UK's largest fund manager, grew assets under management 22% to £178bn (€257bn) in the year to June 30 after winning new business for active and passive mandates.

The asset manager runs £116bn for external clients and the remainder for its parent insurance group.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire