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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.


Fitch: Absolute return and flexible funds failed to perform in turmoil

Some European absolute return and multi-asset flexible funds failed their “clearest test since the Lehman fallout” during the recent market turmoil, according to Fitch Ratings. Research carried out by the agency’s fund and asset manager rating group shows European absolute return and flexible funds lost 2.5 per cent and 7.6 per cent respectively over the […]

Markets cautious ahead of Jackson Hole speech

Global markets wait to find out if the Federal Reserve will embark on further stimulus, while Naoto Kan resigns as prime minister of Japan. Markets Traders show caution as they await a speech by Ben Bernanke, the chairman of the Federal Reserve, from the Jackson Hole central bankers’ summit, according to the Financial Times. Standard […]

Time for a new approach to asset allocation

Trevor Greetham, RLAM’s head of multi asset, introduces the recentlylaunched RL GMAPs. Asset allocation has become an increasingly difficult challenge for investors and advisers in the years since the financial crisis. Sometimes violent price swings in stock and commodity markets coupled with the collapse in the rate of interest on bonds have made it harder […]


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