Word on the Street: European team leave L&G

Investment Week has learnt that the European team at Legal & General, headed by former Axa manager Al...

Investment Week has learnt that the European team at Legal & General, headed by former Axa manager Alia Baig, has left the group by mutual agreement after failing to turn around performance of the fund within three years. The entire four-strong team, which included Adam Holmes, Maana Ruia and Keith Ellam has now left the group. Ellam is understood to have resigned. Baig, who joined from Axa Investment Managers three years ago, headed up the team that managed the £156m L&G European fund, which is ranked 82 of 86 funds over three years, after delivering a 47.5% return of the period, compar...