LGIM

Joseph Molloy, global head of index equities at Legal & General Investment Management, has joined HSBC Global Asset Management as head of passive equity.

Lawrence Gosling talks to LGIM Asian Income trust manager Paul Hilsley about how his fund is positioned to benefit from the evolving dividend story in the region.

Legal & General has said it must "operationally leverage" its Cofunds platform and boost flows into its asset management arm this year in order to improve its business mix.

L&G Investment Management has appointed Omar Saeed as a senior fixed income manager.

Legal & General Investment Management fund manager Justin Onuekwusi is considering adding Russian bond exposure to the £200m Multi-Index fund range for the first time.

Fund buyers have called for more transparency on passive fund costs not contained within the ongoing charges figure (OCF) - even as a price war cuts headline fees to record low levels.

Legal & General Investment Management has seen significant outflows from its UK index funds in the first nine months of the year, which had a negative impact on overall inflows into the business.

Deflation defeated

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Legal & General Investment Management reported inflows of £3.8bn in the first quarter of 2014, down 19% from the same period last year, while individual annuity sales also tumbled.