fixed income

Invesco Perpetual has launched a Global Distribution fund for co-heads of fixed interest Paul Causer and Paul Read (pictured).

L&G Investments is to make two further hires for its fixed income team following news of the departure of manager Richard Hodges, who will leave the group in October.

GLG has hired a new co-manager for its top performing Strategic Bond fund to work alongside managers Jon Mawby and Steve Roth.

M&G's Richard Woolnough has said fixed income investors should overcome their fear of duration and embrace an expected uptick in 100-year bond issuance this year, but peers are sceptical about the bonds.

Henderson Global Investors has appointed Steve Drew as head of emerging market credit,with further hires planned later this year.

M&G's Richard Woolnough has said the spectre of deflation emerging across Europe is a positive in the current environment, adding central banks should be comfortable with this development.

M&G's fixed income manager Richard Woolnough was paid £17.5m last year, according to reports, a figure more than double that of the CEO of parent company Prudential.

THE BIG QUESTION

CREDIT

M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.