Legal & General is seeking to shift its balance by expanding its actively managed fund range, accord...
Legal & General is seeking to shift its balance by expanding its actively managed fund range, according to out-going group investment director David Rough. The group is set to take on four or five new active fund managers and has recruited a new chief investment officer, yet to be announced. The plan over the coming year is to offer a number of portfolios that will have a target of 3% to 4% outperformance of their benchmark indices. It is thought that this will be achieved through restructures of some existing, poor-performing funds as well as new fund launches. The restructures are li...
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