Funds under management pass £3bn for RLCM and RLAM CI

Funds managed by the cash management businesses of the Royal London Group have passed £3bn for the first time.

In this way, the assets managed by Royal London Cash Management (RLCM) and Royal London Asset Management Channel Islands (RLAM CI) have doubled since the two companies were incorporated into the Royal London group in 2001.

RLCM, the company’s London-based cash management operation, currently manages £2.0bn of liquidity assets on behalf of UK onshore clients, with £1.2bn being managed in Guernsey by RLAM CI for offshore investors. Each client’s assets are managed on a standalone basis, making the combined operations the largest provider of segregated cash products in the UK.

According to Tom Meade, Investment Director at RLCM; “The rise in funds under management of our combined cash operations can be attributed to a strong performance track record and the quality of service we are able to offer our clients. By using a highly scaleable business model, we have been able significantly to grow our funds under management whilst not compromising the investment performance of our portfolios. We look forward to further strong growth in the coming years. ”

Both businesses manage assets on behalf of a range of clients including pension funds, local authorities, charities, private companies and educational institutions. The majority of assets managed by the two teams is denominated in Sterling with a small proportion in US Dollars and Euros.