Legal & General Investment Management (LGIM) has restructured its asset allocation team as fund managers Tim Gardner and Alan Thein have quit the business.
The duo’s multi manager balanced, multi manager growth and the multi manager income funds will now be managed by the firm’s asset allocation team.
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Additionally, LGIM multi asset fund manager Justin Onuekwusi will now become the lead portfolio manager on all three funds with the support from the asset allocation team.
Emiel Van Den Heiligenberg, who heads up the multi-asset team, has changed the approach of the multi-manager funds to align them more closely with clients’ investment objectives.
The move follows a business division restructure which saw Legal & General Investments (LGI) its reporting lines into LGIM last year.
Emiel van den Heiligenberg said: "Multi-manager remains a key strategy for us. With the broader changes we are putting in place, we are convinced we will be more competitive and bring about better outcomes for our clients."
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