Legal & General Property has appointed Mark Russell as fund manager for the L&G Managed Pension Fund. Russell joins from Prestbury Investment Holdings where he was responsible for several property portfolios. Prior to this he worked for LGP from 2000 to 2006 with responsibility for investment and asset management on the Linked Life Fund.

Legal & General Property has appointed Mark Russell as fund manager for the L&G Managed Pension Fund. Russell joins from Prestbury Investment Holdings where he was responsible for several property portfolios. Prior to this he worked for LGP from 2000 to 2006 with responsibility for investment and asset management on the Linked Life Fund.

The £750 mln (EUR 862 mln) Managed Fund is LGP’s longest operating property fund having been established in 1971 and invests in low to medium risk assets on behalf of over 300 occupational pension funds. The fund has recently been building on the increased allocation from pension funds for real estate by new purchases that totalled over £275 mln in 2009.