LEGAL & GENERAL DYNAMIC BOND I - Manager
Bestinvest rating
Average monthly relative returns
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Bestinvest MRI
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07/08
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08/09
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09/10
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10/11
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11/12
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3 years
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5 years
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Career
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3 years
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5 years
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Career
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-0.03%
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1.17%
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1.14%
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-0.03%
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-0.53%
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0.19%
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0.34%
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0.34%
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84.1%
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97.3%
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97.3%
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Performance figures are based on the average of monthly percentage returns relative to the benchmark index.
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Richard Hodges
 "Photo of Richard Hodges")
Hodges is a Fund manager in the active fixed income team. He is responsible for managing higher alpha credit mandates. Prior to joining LGIM in February 2007 he worked for Gartmore Investment Management, where he was a Senior Investment Manager and Head of Pan European portfolio construction for Fixed Income mandates between 1998 to 2006. Between 1991 and 1998 he managed a number of bond fund products in the quantitative investment department including both passive and innovative proprietary model driven strategies utilising all fixed income and derivative based instruments. Hodges started his career in the debt capital markets in 1986 with Chase Manhattan before moving to Natwest Investment Management in 1989 prior to its merger with Gartmore Investment Management.
Track record
Richard Hodges has 5 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.34%.
During the worst period of relative performance (from March 2011 - September 2011) there was a decline of 11% relative to the index. The worst absolute loss has been 8%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is 97%.
Other funds managed
| Periods of worst performance |
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Absolute
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-8%
(April 2011 - September 2011)
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Relative
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-11%
(March 2011 - September 2011)
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Sector record since
May 2007 (5 yrs)
About the MRI
Our unique indicator: the Bestinvest Manager Record Index (MRI) measures the likelihood that the fund manager is adding value through their decisions. It is based on their performance record over the course of their career, adjusted for the amount of risk taken. MRI is an important contributor to our fund rating system but it is also vital to take account of qualitative factors. It is also very important to select funds to form a cohesive portfolio with an appropriate overall risk level. Read more about our approach