Legal & General Investment Management (LGIM) is switching the management of three of Richard Hodges’ bond funds to Michel Canoy, Financial Times reports. The funds are the £1.3 billion Fixed Interest Trust, the £59.4 million Managed Monthly Income Trust and the £328.7 million Managed Income Trust. The move will let Hodges to focus on his other fund, the £1.5 billion Dynamic Bond Trust. After the reshuffle, Canoy, who had been supporting Hodges on the three vehicles for the past two years, will now continue to support him on the Dynamic bond Trust.

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