Fixed Income  

Lgim replaces Reeves on Dynamic Bond Trust

Lgim replaces Reeves on Dynamic Bond Trust

Legal & General Investment Management (Lgim) has replaced Martin Reeves with Omar Saeed on the £1.2bn L&G Dynamic Bond Trust.

Mr Saeed had joined Lgim in February 2015 as a senior portfolio manager on its global fixed income team.

Lgim said in recent months he had been working with Mr Reeves on the Dynamic Bond Trust, which had been run by Dickie Hodges before his departure in 2014.

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And Mr Saeed has now taken full control of the fund, his first lead manager mandate at Lgim, while Mr Reeves will remain manager of the £1.5bn L&G High Income Trust.

Mr Saeed had joined Lgim from Swisscanto Asset Management, where he managed $1.5bn in high yield funds and was part of the team running $2.5bn in absolute return mandates.