Invesco Perpetual's Paul Causer and Paul Read have been boosting exposure to equities, taking the view the strong rally in financial bonds will cool in 2013.
Kames Capital's Phil Milburn is sticking with his underweight to European high yield within his £1.4bn High Yield Bond fund, although it has hurt performance over the past year.
Royal London Asset Management (RLAM) has launched two global high yield funds for head of high yield Azhar Hussain.
Hedge fund managers have been increasing their short positions in sterling amid fears the currency is set to depreciate further as investors flock to the euro.
Schroders has promoted Karl Dasher to head of North America, replacing Jamie Dorrien-Smith who is retiring in July after 19 years of service at the firm.
Aberdeen is the biggest riser in the FTSE 100 after a double acquisition that CEO Martin Gilbert said does not alter the group's "very cautious" strategy.
Aberdeen has hit the acquisition trail with two new deals, agreeing to buy US asset manager Artio Global Investors and taking a majority stake in private equity fund of funds business SVG.
Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so called ‘great rotation' out of fixed income and into equities has as yet failed to occur.