London-based asset manager Legal & General (LGIM) has launched a new credit fund aimed at providing positive total return over a 3-5 year horizon, growth and sustainable cash flows at relatively low risk. The L&G Multi-Strategy Credit Fund is being billed as a “best-ideas” fund, according to the company, and is a Luxembourg-domiciled SICAV. It will be managed by Omar Saeed, senior macro credit fund manager at LGIM, who was hired in February Swisscanto Asset Management in Zürich. The fund will seek to capture relative value credit opportunities through diversified, active allocations across credit, rates and currency markets. The fund...