EUROPE - Legal & General Investment Management is the leading manager of credit strategies for European institutions, according to IPE's 2010 survey of credit managers, published in the July/August issue.

Almost all of its corporate bond assets (€99.7bn) are invested on behalf of European institutional clients.
Generali Investments reported assets of €89.4bn managed for European institutions, followed by F&C Asset Management with €28.4bn.
The combined assets invested in credit strategies of the top 25 corporate bond managers surveyed came to more €1.1trn, an increase of €434.5bn from the 2009 total (€618.9bn).
This returned it to a similar level as shown in the 2008 survey, when total assets managed were just 5.2% lower than this year (€998.6bn).
Legal & General Investment Management reported total corporate bond assets of €100.7bn, accounting for 9.6% of the total in IPE's sample of leading managers.
This represents a 15.7% increase in investment in the asset class compared with its 2008 assets of €84.8bn.
Generali Investments ranked second overall, counting all client groups and geographies, with €92.1bn, while PIMCO came in third, with €82.3bn - a 65% year-on-year increase.
Other notable increases in investment were shown by Robeco Group and JP Morgan Asset Management, both of which more than doubled their previous year's totals to €32.8bn and €24.8bn, respectively.