Old Mutual

OMAM manager rotates fund out of industrials into ‘stable and predictable' businesses

Old Mutual's Stephen Message has reduced the number of holdings in the £30m Equity Income and £24m Extra Income funds he inherited in November.

Old Mutual's Stewart Cowley has increased exposure to corporate bonds from 15% to 25% this year in his Global Strategic Bond fund, focusing mainly on the lower end of investment grade.

OMAM Global Strategic Bond manager mixes consistency with questions, using flexibility in a diversified portfolio to outperform his peers

Corporate bonds have recovered strongly over the last 12 months and we believe the recovery has further to run, albeit at a more moderate pace.

Old Mutual is believed the ‘major investor' backing the consortium on the brink of taking over troubled Premier League club Portsmouth.

The FTSE 100 opened flat following a mixed performance in the US overnight. The UK index was up 0.07% or 3.07 points to 5,610.

Old Mutual Corporate Bond fund manager Stephen Snowden has warned the value in many investment grade credit funds has been completely exhausted despite the overall market remaining at distressed levels.

Managers say low return on cash and search for yield will support fixed income market

Newly appointed CEO Nils Bolmstrand tells Caroline Allen how he aims to sharpen and develop the role of Skandia Investment Group