Ex-LV= fixed income team joins Friends Life

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Insurance giant Friends Life has hired the former LV= fixed income team to run portfolios at its new asset management business.

Friends Life Investments (FLI) – its in-house business launching next year – has recruited Michael Wright, John Hampton, Purna Bhudia and Nigel Bradshaw to spearhead its fixed income offering. Wright, previously head of fixed interest at LV= Asset Management, becomes director of fixed income. He will be responsible for fixed income asset allocation, and direct management of the government bond portfolios. Hampton will continue with the management of corporate bond funds in his new role as head of credit for Friends Life Investments. The former manager of the LV= UK Corporate Bond fund...

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