Financial News last night revealed the winners of its 18th annual Asset Management Awards Europe during a gala dinner at the V&A Museum in London. The awards celebrate success and innovation in the institutional market over the past year.

For the second year running, BMO Global Asset Management has been crowned the best manager in liability-driven investment. Like last year, it was a close contest between the fund manager and its larger rival — and eight-time category winner — Insight Investment.