Legal & General Investment Management (LGIM) has appointed Richard Black to manage its first U.K. equity income fund, Investment Week reports. The new portfolio may be launched in the second quarter of 2011.

Black came to LGIM in 2008 from Old Mutual Asset Management, where he was a member of the U.K. equity income team. He is currently an analyst on the LGIM’s U.K. equities team.

Click here for the story from Investment Week.