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
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