L&G hires North replacement from AllianceBernstein

Legal & General Investment Management has hired Martin Reeves from AllianceBernstein to replace David North as manager of its £1.9bn high income fund.

North has been on extended sick leave since June.

Reeves,who was director of global fixed income credit research at AllianceBernstein, will join LGIM next month as head of high yield.

Former co-manager Ben Gill will continue to handle North’s responsibilities on the £503m diversified absolute return fund.