fixed income

Aberdeen Asset Management reported a drop in pre-tax profits for the year to the end of September of 82% to £10.5m, down from £60.5m the previous year.

The departure of star managers Jeremy Lang and William Pattisson in April has impacted on Liontrust Asset Management's profits, which fell to just £0.5m for the six months to 30 September, down from £6.1m for same period in 2008.

Thames River Capital has raised more than $200m for its Credit Select and Global Credit funds, both launched one month ago.

Swip has hired former Old Mutual head of fixed income and global macro Andrew Tunks as its interim director of fixed income.

Aegon Asset Management has promoted Iain Buckle and Euan McNeil to joint managers on three of its flagship fixed income funds.

The current backdrop for fixed income markets looks particularly supportive and favours further yield compression and outperformance by corporate and emerging market bonds.

Octopus Investments has unveiled a new suite of four multi-manager funds, launched as standalone vehicles and as the building blocks for its new risk-based discretionary service.

iShares is offering fixed income ex-financials funds in its latest range of nine ETFs to be launched on the London Stock Exchange on Monday.

HSBC Private Bank has appointed Willem Sels as head of its fixed income strategy for its UK Private Bank.

Back to school. Back to work. Back to reality. Back to facing the first anniversary of the collapse of Lehman Brothers.