Bonds

Could debt funds be an alternative to high yield?

Resisting the yield junkies’ siren

Former HSBC global fixed income head Guy Dunham has been appointed head of global and aggregate at Barings.

Kames Capital's head of fixed income David Roberts has warned new instruments within the fixed income market could be wiped out - losing holders their entire investment - if markets turn south.

Old Mutual Global Investors is to unveil a high yield fund for Christine Johnson and Bastian Wagner.

Standard Life Investments' Daniel McKernan has been buying in to bank debt in his £585m Corporate Bond fund as moves by regulators to shore up balance sheets seem set to boost prices.

The average strategic bond fund now holds less than half its assets in the UK, as managers "starved" of opportunities rotate into Europe, the US, and emerging market debt.

Baring Asset Management is to shut its Corporate Bond fund on 2 May following several years of poor performance and a series of large redemptions, Investment Week can reveal.

L&G Investments is to make two further hires for its fixed income team following news of the departure of manager Richard Hodges, who will leave the group in October.

GLG has hired a new co-manager for its top performing Strategic Bond fund to work alongside managers Jon Mawby and Steve Roth.