22nd April 2014
L&G Dynamic Bond loses Elite Rating as manager Richard Hodges resigns
Richard Hodges, manager of the L&G Dynamic Bond Trust, has today announced his resignation from the firm. As a result, the fund has lost it's Elite Rating.
Commenting on the move, director Darius McDermott, said: “Richard Hodges' resignation is a real blow to L&G. The fixed income team is well-resourced, but Richard was the stand-out manager.
“The fund was one of our favourites in the Strategic Bond sector and Richard's total return mentality was particularly attractive to bond investors who, in the current environment, are keen to preserve capital as interest rates rise.”
Elite Rated funds in the Strategic Bond sector are:
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