Nomura Asset Management has appointed Richard Dickie Hodges from LGIM to launch an unconstrained bond fund in the first quarter of 2015.
Hodges, who will join the firm in November, will work alongside former LGIM colleague Ben Bugg to launch the new fund.
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The new will seek opportunities in the fixed income space, and will include cash and derivatives.
Hodges joined Nomura from LGIM, where he served as head of high alpha fixed income managing the £2bn L&G Dynamic Bond trust. Bugg had worked with Hodges at L&G for two years.
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