L&G Asset Management America

The US asset management arm is headed by executives who report to LGIM's global CEO, currently Michelle McGrade as CEO of LGIM (per LGIM, 2024). Day-to-day leadership of the American division has not been publicly named in recent filings.

It operates as a division of Legal & General Investment Management (LGIM), which is wholly owned by Legal & General Group. The US arm is registered with the SEC as an investment adviser, but its strategies, risk management, and research are integrated into LGIM's global platform.

The firm primarily targets US institutional investors, including corporate and public pension funds, endowments, foundations, and insurance companies. It offers both separate accounts and pooled funds.

Yes. LGIM has a private assets division that manages over £40B in assets (per LGIM, 2024), including real estate, infrastructure, private credit, and private equity. The US arm distributes these strategies to American institutional clients.

The firm draws on LGIM's global research platform, which employs over 40 investment analysts and strategists focused on macroeconomic, credit, and quantitative research. Local US teams are based in New York and other offices.

LGIM is one of the largest LDI managers globally, with over £300B in LDI mandates (per LGIM, 2023). The US arm applies this expertise to help American pension plans hedge interest rate and inflation risks.

Investment decisions are governed by LGIM's global investment committee, which includes senior leaders from the US, UK, and Asia. The US team participates in setting regional strategy but operates within LGIM's overall risk framework.