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.

L&G IM Dart manager North takes extended sick leave

L&G IM Dart manager North takes extended sick leave

Legal & General Investment Management's  head of global high yield David North has gone on extended sick leave and will be replaced by managers Ben Gill and Claire McGuckin in the interim.

North is manager of the £2 billion High Income fund and the £528 million Diversified Absolute Return trust, as well as being head of the firm’s asset allocation team.

He joined LGIM in 2000 after eight years at Scudder Investments, where he was head of the London insurance asset management division.

Gill is deputy manager on the Diversified Absolute Return trust and will takeover management of the fund, while McGuckin will run the High Income fund.

He joined LGIM in 2008 after 11 years at GLG where he managed a macro fund. Before this, he was a government bond trader with Yasuda Trust Europe.

The firm said McGuckin does not run any other fund. It added: 'Claire McGuckin is taking lead responsibility on HIT in David’s absence. HIT is a synthesis of inputs from specialist colleagues in emerging market and high yield debt and the same team continues to drive performance and decision making in David’s absence.'

The High Yield fund has returned 24.5% over three years to the end of May, underperforming the average manager in the high yield sector, who returned 31.2% according to Lipper.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge: the opportunities in UK challenger banks

Brewin's Gutteridge: the opportunities in UK challenger banks

In this week's podcast, Brewin Dolphin's Ben Gutteridge and Guy Foster, discuss opportunities in the global financials sector with Aptus' Johnny De La Hey.

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Your Business: Cover Star Club

Profile: how Close Brothers gave power back to the regions

Profile: how Close Brothers gave power back to the regions

Almost a year into the role, Close Brothers Asset Management head of wealth management Andy Cumming has highlighted three keys areas of focus

Wealth Manager on Twitter