Bonds

BlackRock has published a paper proposing a raft of reforms for regulators and asset managers to address the growing problems with liquidity in the bond market.

M&G fixed income manager Mike Riddell is to leave the firm he joined in 2003 in order to pursue another opportunity.

Former Old Mutual bond manager Stewart Cowley has launched a new venture providing investment advice and portfolio management to advisers and fund groups.

Sterling-denominated bonds saw their worst quarter on record in Q2 of 2015, amid a fierce sell-off in German bunds and escalating worries over upcoming rate increases.

Janus Capital has acquired fixed income asset manager Kapstream Capital, in a move which sees Bill Gross gain a co-manager on his Unconstrained Bond fund.

Hermes has appointed Patrick Marshall as head of private debt and CLOs, as it looks to develop its offering in the area.

Invesco Perpetual has hired a dealer and two analysts to work alongside heads of fixed interest Paul Causer and Paul Read.

How to protect against another Lehman

Neuberger Berman has launched a global credit long/short fund for a four-strong team of credit managers that joined the group through an acquisition last year.

Ivan Nikolov has left Aberdeen Asset Management to join NN Investment Partners' convertible bonds team.