GLG's Christophe Akel is stepping down from his role as manager of the group's corporate and strategic bond funds for personal reasons.
Issuance in the US corporate bond market has reached record levels in the first quarter of 2012 as low borrowing costs and an improving economic backdrop spurred on borrowers.
The so-called ‘fear index' is increasingly serving as an indicator of future high yield bond performance, according to Dave Bowen, manager of the $3.5bn Muzinich Short Duration High Yield fund.
As the volatility index trends downwards investors should be selling - not buying - risk assets, said Kames Capital's David Roberts and Phil Milburn as they warned the eurozone crisis will return to haunt markets.