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.

LGIM’s bond expert North to exit

LGIM’s bond expert North to exit

David North, head of asset allocation and former bond fund manager at Legal and General Investment Management, is leaving the firm after 12 years.

North, who was also head of global high yield bonds and a board director, founded the High Yield and Asset Allocation funds.

He was manager of Legal and General’s flagship range of Distribution funds, the firm’s Diversified Absolute Return Trust (DART), as well as the £1.4 billion High Income Trust.

The manager went on extended sick leave in June 2011, which saw Ben Gill take on the management of DART. The fund was then moved out of the absolute return sector and renamed the Global Macro Themes fund, which now stands at £581 million.

Roger Bartley and Martin Reeves became managers of the Legal and General High Income Trust, while Kevin Chessum became manager of the Distribution funds.

LGIM confirmed North's departure but made no comment on his replacement.

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