Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

L&G US equity head quits in latest manager departure

L&G US equity head quits in latest manager departure

Legal & General Investment Management's head of US equities Nigel Holland has left the firm, after his fund was merged away last month.

Holland's £116.8 million L&G North American trust was merged in to the L&G US index trust, leaving the firm without an active US fund. The North American trust was bottom quartile over one, three and five years and L&G said its passive US fund 'has a similar risk and return profile but has a superior long-term track record to date'.

At the same time, the firm merged Paul Hilsley's Pacific Growth trust into his Asian Income fund.

Holland's exit follows that of Dynamic Bond Trust manager Dickie Hodges in April and UK manager Guy Rushton in May.

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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter