Legal and General Investment Management has appointed a new lead manager for its UK Special Situations Trust amid a trio of hires.
The firm has hired Mirabaud Asset Management’s Robert White, taking over from Gavin Launder, who managed the fund since the start of the year.
Money Marketing understands that Launder is still with the firm.
Previously, the fund was run by Richard Penny, who left to join Crux Asset Management in January after 16 years at LGIM.
White, who previously worked with PricewaterhouseCoopers, will be joined by two more junior hires.
Stuart Briscoe joins from ICM as an equity analyst, and Brad Jacobs has also joined as an equity analyst from Goldman Sachs.
LGIM co-head of active equities Rod Oscroft says: “These appointments will strengthen our expertise in equity markets globally and across the market cap.
“We’ve seen continued demand from investors looking for actively managed, high conviction, equity strategies, especially as we move into a more volatile market environment. Our boutique approach means we are well placed to deliver solutions for specific client investment needs.”