Invesco Perpetual's Paul Read and Paul Causer have cut almost 30 holdings from their £129m City Merchants High Yield trust as the managers look to reduce risk in the portfolio.
Pimco's Mike Amey believes Chancellor George Osborne must stick to his reduction plans outlined in the Budget despite fears the cuts could derail UK growth.
RBC Wealth Management has reached an agreement to buy BlueBay Asset Management for £963m.
Ian Winship has joined BlackRock as a senior portfolio manager on its sterling fundamental fixed income team.
Pimco, the manager of the world's largest bond fund, has been selling down treasuries as it expects a second round of debt purchases by the Federal Reserve to have limited impact.
The yield available on European sub-investment grade debt has fallen to a two-year low as the default rate on the Continent continues to run at almost zero.
As a confident and bold young investor in the Square Mile, Richard Buxton once wagered all of his life savings on the UK cutting interest rates.