Barings is overhauling its Latin America fund, reducing the number of holdings to focus on long-term positions.
Emerging markets managers have tipped Russia to soar ahead of its EM peers in 2012, driven by higher oil prices, weak valuations and Vladimir Putin's economic reforms.
M&G Investments' bond manager Richard Woolnough has backed gilts to shrug-off Moody's downgrade warning released earlier this week.
Colin Harte, co-manager of the Barings Global Bond Trust, has left the company after 12 years of service.
Barings' multi-asset team has bought £350m in Italian government bonds in the expectation European banks will use the ECB's Long Term Recovery Organisation (LTRO) to buy government debt.
Former BlackRock analyst Burstow to run new Global Mining offering for Barings, with mandate to invest in mining equities across cap scale.
Barings is merging Colin Harte's Absolute Return Global Bond trust into Andrew Cole's £90m Multi Asset fund.
Baring Asset Management has hired Matthew Whitbread to work on the multi-asset team in Boston.