LGIM

David North, head of asset allocation and head of global high yield bonds at Legal & General IM, is to leave the group after 12 years.

Former Standard Life Investments fund manager Lance Phillips has joined L&G Investment Management as head of active equities.

LGIM's HODGES

Legal & General Investment Management (LGIM) has hired Marion Stommel from institutional house WestLB Mellon Asset Management (WMAM) as its new head of credit, following the departure of Christophe Tamet.

Strategic bond fund managers Richard Hodges from LGIM and Fidelity's Ian Spreadbury both expect UK government bond yields to remain at their abnormally low levels for the foreseeable future.

Legal and General Investment Management's credit strategist Ben Bennett discusses whether the insatiable demand for fixed income assets can be sustained.

LGIM's head of European equities Gavin Launder has argued the three-month long short selling ban imposed on Spanish securities will have no material impact on the market.

Strategic bond managers have been reducing high yield exposure in anticipation of a default rate spike in the second half of the year.

Legal & General Investment Management's bond manager Richard Hodges expects the Federal Reserve to unveil another round of Operation Twist later today.

Strategic bond managers are upping their use of derivatives as liquidity issues, dislocated pricing structures and cheaper trading opportunities transform how they manage their portfolios.