Dickie Hodges to join Nomura Asset Management

Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry, Investment Week can reveal.

Hodges (pictured), who managed the £2bn L&G Dynamic Bond trust prior to quitting the company this April, is understood to be joining the Japanese firm's UK arm in November to run total return portfolios. He will be joined by Ben Bugg, who worked with the top-performing Hodges at L&G for two years before leaving the group in May following the manager's departure. Nomura AM has $305bn in assets under management globally, and its London office accounts for $40bn in AUM. While the business has a strong reputation in the European and global institutional marketplace, it is thought Hodge...