15.01.2015 - Legal & General could invest with foreign partners in British infrastructure-CEO
Legal & General (L&G) is keen to invest in British property and infrastructure together with overseas sovereign wealth funds such as the Abu Dhabi Investment Authority (ADIA), the UK insurer's chief executive said on Wednesday. L&G's $1.1 trillion in assets under management and investment in housing and transport schemes mean it wants to be seen as a sovereign wealth fund for Britain, CEO Nigel Wilson told Reuters in an interview. ADIA, one of the world's largest sovereign wealth funds, manages the surpluses of Abu Dhabi's earnings from oil exports. It doesn't disclose the value of its assets under management but is estimated to hold nearly $800 billion by the Sovereign Wealth Fund Institute...............................................Full Article: Source
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