Legal & General Investment Management's (LGIM) has today launched its UK Equity Income fund, the first offering to be run by former analyst Richard Black.
Strategic bond managers are adopting a defensive stance on their portfolios, cutting duration and selling down risk assets on fears over the global economy.
LGIM's Richard Hodges believes the Bank of England's Monetary Policy Committee (MPC) would be "lunatics" to raise interest rates in May as it will put the UK at risk of a double-dip recession.
Legal & General Investment Management has named Mark Zinkula as the group's new chief executive.
Legal & General Investment Managers has launched an emerging markets tracker fund for Robert Dowling.
Swip has handed a £267m UK equity mandate to LGIM's head of active equities Robert Churchlow.
Robert Churchlow has become Legal & General Investment Management's head of active equities, replacing Mark Burgess who is joining Threadneedle.
Legal & General Investment Management (LGIM) posted a 32% increase in IFRS operating profit during the first half of 2010, with the group recording gross new business of £21.2bn.