Bonds

After a year dominated by volatility in markets which hit equities for six, and left government bonds trading at record highs, Investment Week reveals the best and worst performing IMA sectors.

The world's largest bond fund, run by Bill Gross, has seen outflows of $17bn over the past year - a time when bond funds as an asset class have seen net inflows.

BOND VIGILANTES

Legal & General Investment Management's top performing bond manager Richard Hodges is preparing his £1.8bn Dynamic Bond trust for more pain and heighted volatility to come next year.

CHRISTMAS NAIVETY

ON BONDS

ON ASSET ALLOCATION

Legg Mason Asset Management has unveiled its $34m Brandywine Global Opportunistic Fixed Income fund to the UK market.

Insurance giant Friends Life has hired the former LV= fixed income team to run portfolios at its new asset management business.

George Soros' fund has purchased around $2bn of European government bonds previously held by collapsed brokerage MF Global, according to reports.