Bonds

Man Group has joined forces with Japanese investment banking giant Nomura to launch a fixed income hedge fund aiming to deliver double-digit returns annually.

UK shares were making tentative moves higher in mid-morning trading, ahead of the Jackson Hole speech by Federal Reserve chairman Ben Bernanke later today, with other markets also rising.

Scottish Widows Investment Partnership has hired Alan Bridges as a replacement for Graeme Troy, to head up the UK rates team.

Strategic bond fund managers Richard Hodges from LGIM and Fidelity's Ian Spreadbury both expect UK government bond yields to remain at their abnormally low levels for the foreseeable future.

ON BONDS

Schroders has widened the scope of three of its leading bond funds to allow the managers to use derivatives more widely within their portfolios.

ON BONDS

Legg Mason's fixed income specialist subsidiary Western Asset Management has boosted its Asian fixed income team with four hires.

FIXED INCOME ALLOCATIONS

ON BONDS