Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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.

Related Fund Managers

Kevin Chessum
Kevin Chessum
86/190 in Equity - Global Equities (Performance over 3 years) Average Total Return: 50.07%
Martin Reeves
Martin Reeves
35/47 in Bonds - Global High Yield (Performance over 3 years) Average Total Return: 29.82%
David North
David North
Citywire TV
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter