Cazenove

Cazenove Capital has confirmed it is merging its £69m UK Dynamic fund into its £62m UK Opportunities fund, both run by Julie Dean, next month.

Bond fund managers have warned they are concerned about the quality and risks of some debt coming to market after a record 12 high-yield bonds were issued last week.

Eurozone rescue funds amounting to €500bn will not be enough to meet the financing needs of Spain, Portugal, Belgium and Italy in 2011-2013, Cazenove Capital Management's Peter Harvey says.

ON EUROPE

Rathbones has poached Jeremy Stanyer, a specialist in private client investment management from Williams de Broe, for the position of investment director at its Aberdeen office.

Holding UK interest rates at crisis levels is "inappropriate" as rising inflation becomes a bigger concern than a double dip recession, says Julie Dean at Cazenove.

Cazenove's Marcus Brookes may start buying government bonds "pretty aggressively" if too much inflation is priced in.

ON BONDS

ON EUROPE

Rising inflation is applying upwards pressure on interest rates, creating the potential for an acute policy dilemma later in the year, says Cazenove's Richard Jeffrey.