LGIM US equities head Holland exits

Legal & General Investment Management head of US equities Nigel Holland has left the firm.

Fundweb understands no replacement for Holland, who spent 17 years at the firm, is being sought.

Holland has not had a fund to manage at LGIM since July.

During this month his £116m L&G North American fund was merged into the L&G US Index trust after a period of sustained underperformance, with the fund fourth quartile over one, three and five years.