Former First State bond manager Malcolm White is to take on more than £2bn in retail fund mandates a...
Former First State bond manager Malcolm White is to take on more than £2bn in retail fund mandates at Legal & General from 1 January. From the start of the New Year, White is to take over as lead manager of the £1.2bn Legal & General Fixed Interest trust from Stuart Steven as well as the £965m L&G Managed Income fund from Robert Barnard-Smith. In addition he will manage Barnard-Smith's £113m Managed Monthly Income portfolio. All three are in the UK Corporate Bond sector, and all are top quartile over three years, ranking 14, 10 and 13 respectively out of a peer group of 69 funds. Neithe...
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