The Big Interview: Newton Fixed Income

THE BIG INTERVIEW

Paul Brain, the head of fixed income at Newton Investment Management, explains how his team has negotiated market turbulence, with three out of its six themes playing out over a rough period for fixed income managers

To keep your head while the markets about you are losing theirs, it helps to have a reliable map to guide you. Paul Brain, Newton Investment Management’s head of fixed income, says his team has been aided in navigating this year’s turbulence by the macro themes at Newton that guide its understanding of the world. As at least three of its six themes have played out – the ride has been as rough as it gets for fixed income managers. Since February, Spanish and Greek debt has been dubbed ‘junk’, blue-chip UK credit became safer than gilts and the IMF helped provide a e750bn (£623bn) re...