Andrew Fleming has stepped down from his role as chief executive and chief investment officer at Kames Capital.
The situation in Cyprus could have a far more negative impact on the credit market than it has so far, Kames Capital's Melanie Mitchell has said.
Philip Milburn, manager of the £1.5bn Kames High Yield Bond fund, is avoiding taking on extra risk in his portfolio this year, as he does not expect the extra yield on offer from CCC-rated bonds will be sufficient to make up for the default risk.
Bond managers have cut duration to record lows, anticipating a fresh spike in gilt yields as they settle at a higher trading range.
Kames Capital is to remove the performance fee on its Kames UK Equity Absolute Return fun, managed by David Griffiths and David Pringle, after reaching £100m in size.
Kames Capital's Phil Milburn is sticking with his underweight to European high yield within his £1.4bn High Yield Bond fund, although it has hurt performance over the past year.
The Bank of England is close to announcing a further bout of asset purchasing, particularly as gilt yields continue to soar, Kames Capital's Iain Buckle has predicted.