Bonds

Kames Capital's Phil Milburn has put over 10% of his Strategic Bond fund in high yield index protection, in the belief investors are too complacent about the risk of Greece leaving the eurozone.

Russell Investments has re-hired its former senior analyst, Van Luu, to head up its currency and fixed income strategy desk.

Large fixed income houses are being forced to expand the overseas investment capacity of their funds and use more derivatives in a bid to mitigate liquidity risks in the bond market.

Legal & General Investment Management(LGIM) has appointed Omar Saeed as lead manager of its flagship Dynamic Bond Trust, nine months after the departure of Richard Hodges.

Old Mutual Global Investors has dropped PIMCO as sub-adviser on its Total Return fund in favour of former manager Bill Gross, now at Janus Capital.

Veteran fixed income manager Bill Gross has admitted he is frightened by the lack of liquidity in bond markets.

Schroders has hired five new members to its fixed income global multi-sector team headed by Bob Jolly.

Royal London Asset Management's Eric Holt has said investment ideas outside the mainstream have helped performance on his £1bn fund despite a liquidity squeeze in bond markets.

Fixed income manager Chris Bowie believes the impact on businesses from uncertainty surrounding the EU referendum and a potential Scottish vote is being underestimated by the market.

Bill Gross has admitted failing to successfully implement one of the best calls of his career in his own portfolio earlier this year.