Launches & Closures

LGIM rolls out global macro fund


Legal & General Investment Management is adding to its hedge fund range with the launch of a global macro fund managed by experienced investment managers David North and Ben Gill.

David North

The multi-asset-class strategy has been run very successfully with some $40 million of in-house capital for the past year, generating a return of just over 20% from its launch in February to the end of December on low annualised volatility of 2.5%.

The fund management team is led by North, who heads the asset allocation and high yield teams at LGIM, and former GLG global