Limited upside for consumer non-cyclicals: LGIMA's John Bender

The head of fixed income at Legal & General Investment Management America, John Bender, explains how the firm is using its parent’s expertise in liability-driven investment to shape its US strategy, and gives an insight into where the firm is investing.

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John Bender, LGIMA

Established in July 2006 as a wholly owned subsidiary of Legal & General Investment Management, one of the largest managers of UK pension fund assets, Legal & General Investment Management America (LGIMA) now manages around $17 billion of fixed income assets in the US.

Based in Chicago, LGIMA offers active fixed income and liability-driven investment (LDI) strategies to institutional clients. In an interview with Credit, LGIMA’s head of US fixed income, John Bender, outlined why an experienced

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