Nomura Asset Management expands global fixed income team

GlobalisationNomura Asset Management UK (NAM) has appointed Richard Hodges and Ben Bugg to two newly created roles as the firm extends its presence in the global fixed income arena.

Both joining NAM from Legal & General Investment Management (LGIM), Hodges will take the position of head of unconstrained fixed income, while Bugg joins the new team as a portfolio manager.

In his role as head of high alpha fixed income at LGIM, Hodges launched and managed the company's Dynamic Bond Trust. He began his career at Chase Manhattan Bank and Natwest Investments, before joining Gartmore Investment Management as head of pan-European portfolio construction, managing a range of fixed income strategies.

Previously an assistant fund manager in LGIM's high alpha fixed income team, Bugg has worked across a range of strategies, including the Dynamic Bond Trust.

At NAM, Hodges and Bugg will be responsible for a new Global Dynamic Bond Fund, which will invest across a full range of fixed income securities.

Richard Bisson, president of Nomura Asset Management UK, says: "There is significant investor demand around the world for an unconstrained and opportunistic approach to fixed income asset allocation.

"Richard and Ben bring a wealth of experience in this area and their expertise will be invaluable as we broaden the range of investment solutions we can deliver to meet client needs."

Headquartered in Tokyo, Nomura Asset Management has $305 billion (€245 billion) in assets under management.

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