Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Bond star Dickie Hodges' assistant quits L&G

Bond star Dickie Hodges' assistant quits L&G

An assistant working on the Dynamic Bond Trust is set to leave Legal & General after handing in his notice two weeks after lead manager Dickie Hodges quit.

Ben Bugg, who joined L&G as a graduate trainee in 2010, has been an assistant fund manager on High Alpha Fixed Income for two and half years according to his LinkedIn profile, which says he is being trained by Hodges on DBT.

Bugg will start as a sales associate on the Lloyds Rates team next week.

His exit is the latest in a raft of departures from the L&G fixed income team. Hodges (pictured) announced he was to leave L&G last month after seven years, although the firm suggested he will not officially depart until October. Michel Canoy, manager of the £1.3 billion Fixed Interest Trust left in January.

Senior fixed income manager Martin Reeves has taken over responsibility for DBT, while the three other funds managed by Hodges on an interim basis following Canoy's exit have gone to the UK institutional credit team run by Robert Barnard-Smith.

Over three years to the end of April, the Dynamic Bond Trust has returned 18.1%, placing it 35th out of 49 funds in the Citywire Sterling Bond sector. 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter