LGIM hires replacement for North on £2bn High Income trust

Legal & General Investment Management has hired Martin Reeves from AllianceBernstein to replace David North as manager of its £1.9bn High Income trust.

Reeves, director of global fixed income credit research at AllianceBernstein, will join LGIM next month as head of high yield. Current head of high yield North has been on extended sick leave since earlier this year and will focus on asset allocation responsibilities upon his return. Reeves worked at AllianceBernstein since 1998, and was part of a fixed income team that runs mandates including the €20bn Global High Yield, €195m European Income, and €42m Euro High Yield portfolios. Credit analyst Claire McGuckin has been managing the LGIM High Income trust in North's absence, but wi...