Legal & General Investment Management, one of the biggest investors of UK pension funds' money, continued to perform well in the first quarter. In its results statement today, the insurance group said its funds division took in a net £2bn of new business in the three months, helping to send its assets under management up 8% to £356bn. LGIM specialises in liability-driven investments, which aim to invest a pension fund's money in assets that precisely match the pensions it has to pay. LGIM also said it was broadening its international appeal; 22% of its gross business flows came from overseas, it said, up from 18% for the full-year 2010.