LGIM attempts to shrug off the mantle of investment arm of a life insurer. A renewed push into the retail market is likely to put it firmly on the asset management map, writes Tomas Hirst.
“One of the things we want to do is rationalise the naming conventions on the funds,” Ellis says. “We hired Andrew Thomas as product development director in August and he’s looking at the whole range to see where we can improve.”
Nevertheless there has been no let-up on the product development side with the launch of the UK Absolute trust, managed by Robert Churchlow, and the European Absolute trust, run by Gavin Launder. These will be added to this year with an equity income fund for Richard Black.
And Ellis says there is still more work to be done. “There is a general market feel that risk appetite is increasing, so we need to get our Growth fund performing again. But I’m pleased with the progress that we’ve made in terms of the goals we set ourselves.”