L&G

L&G Investment Management (LGIM)'s multi-manager team is moving its equity focus away from emerging markets towards the US and other developed economies.

LGIM's Richard Hodges has added 12% to his high yield positions in the £1.3bn Dynamic Bond trust, and expects to take exposure to 50% this year.

THE BIG QUESTION

L&G Investment Management's Nick Brack has joined Charlemagne Capital as the head of UK mutual fund sales.

A number of BP's largest shareholders - including Legal & General and M&G - have cut holdings in the troubled oil giant during its recent share price slide.

Retail investors pull money out of UK All Companies but strongest managers in the group continue to deliver

ABSOLUTE RETURNS

L&G Investments sales director Ben Waterhouse is joining Fidelity as head of UK wholesale sales.

Firms with overseas earnings exposure are key in uncertain UK.

Cost and value were the central factors in the active or passive debate 15 years ago and it is much the same today, the major difference being that funds find themselves in competition with their own peers rather than each other