Bonds

7IM's Alex Scott has begun switching out of corporate debt in favour of Spanish and Italian bonds on a large proportion of the group's funds, ahead of any rise in government bond yields.

Ignis Asset Management's Chris Bowie is set to move short duration on the top-performing Corporate Bond fund, ahead of a "painful readjustment" in yield movements.

Thames River's Michael Mabbutt is set to join Liontrust to run a newly created Global Strategic Bond fund.

Schroders has launched a renminbi bond fund for new recruit Rajeev De Mello, who joined from Western Asset Management last year.

Henderson's fixed income manager Jenna Barnard has labelled the contingent capital bonds recently issued by Barclays as the 'poster-child' for issuance investors should avoid, despite strong demand from Asia.

SMART MONEY

GILT SELL-OFF

M&G Investments' top performing bond manager Richard Woolnough has turned to equities to boost his £6.4bn Optimal Income fund.

President Obama began his first term in the White House on 4 November 2008 at the height of the credit crisis, vowing to rescue the financial system.

Investment veteran Jim Rogers did not vote for either leading candidate in the US presidential race as he does not think either man can save the economy.