Bonds

Nikko Asset Management has expanded its global fixed income team with the hire of fund manager Holger Mertens from Lazard.

Invesco Perpetual has promoted Jack Parker to deputy fund manager on a series of funds, including a trio of offshore portfolios run by co-heads of fixed interest Paul Causer and Paul Read.

Thomas Miller Investment has launched two new bond funds, as it continues to expand its onshore range.

Bonds will experience a volatile summer, according to TwentyFour Asset Management's Chris Bowie, who believes the Federal Reserve will opt for a September rate hike.

Neuberger Berman's Jon Jonsson (pictured), senior portfolio manager of the $155m Global Bond Absolute Return fund explains why he has not reduced his short position in German bunds despite the recent sell-off.

Royal London Asset Management's Azhar Hussain has said that more opportunities in European high yield are now emerging, with macro events having little impact on yields.

Why it's real (and can play havoc with portfolios)

Invesco Perpetual's fixed income team have said the sector faces "strong headwinds" for some time as summer volatility returns, and markets anticipate interest rate hikes.

Invesco has appointed Asia Pacific fixed income CIO Ken Hu as manager of the fixed income portion of its $1.1bn Invesco Asia Balanced fund, following the departure of manager Frankie Tai.

Chris Iggo (pictured), CIO fixed income at AXA Investment Managers, discusses the main issues for fixed income investors as Greece reaches a deal with its creditors.