Legal & General head of high alpha fixed income Richard Hodges is to leave the group in October.
M&G's Richard Woolnough has said fixed income investors should overcome their fear of duration and embrace an expected uptick in 100-year bond issuance this year, but peers are sceptical about the bonds.
Twentyfour Asset Management has hired Pierre Beniguel as a new portfolio manager for its credit team.
Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.
Greece raised €3bn of five-year money yesterday in its first foray back into the bond markets since the eurozone debt crisis.
M&G's Richard Woolnough has said the spectre of deflation emerging across Europe is a positive in the current environment, adding central banks should be comfortable with this development.
M&G's fixed income manager Richard Woolnough was paid £17.5m last year, according to reports, a figure more than double that of the CEO of parent company Prudential.