LGIM hires lead manager for L&G UK Special Situations trust

Follows Penny's departure

Legal and General Investment Management (LGIM) has appointed Robert White as lead manager of the UK Special Situations trust following former manager Richard Penny's departure at the start of the year.

LGIM's head of European equities Gavin Launder has been running the £249m UK Special Situations trust on an interim basis since Penny left to join Crux Asset Management in January. White will join LGIM from Mirabaud Asset Management where he managed a long-only UK equity portfolio, subject to FCA approval. Prior to that, he was a senior associate within transaction services for PricewaterhouseCoopers. Two further appointments have been made to LGIM's Active Equity team as the firm looks to expand that area of the business. Stuart Briscoe, who joined the team in early September as an e...