Challenges of 2008 proved duo's ability to cope in falling markets

L&G's multi-managers are confident they have learned from the lessons of the past year

Launching a multi-manager range just before the collapse of the global financial system may not have been the ideal timing. However, Tim Gardner, co-manager of Legal & General Investment Management's three multi-manager unit trusts, says the challenges he has faced in managing the funds through their first year will have only provided extra comfort for investors when the going gets good. "If we picked one year to launch out of the last 100, this would have been one of the most difficult," says Gardner, who runs the funds with co-manager Alan Thein. "But I think it was a good time to d...