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.

Related Fund Managers

Richard Hodges
Richard Hodges
98/113 in Bonds - Global (Performance over 1 year) Average Total Return: -0.10%
Guy Rushton
Guy Rushton
3/66 in Alternative UCITS - Long/Short Equity (Performance over 3 years) Average Total Return: 53.76%
Paul Hilsley
Paul Hilsley
89/109 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 18.35%
Nigel Holland
Nigel Holland
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter