John Kennedy has deleveraged his £588m Scottish investment trust, converting its entire gearing component into cash equivalents to shield the portfolio against a further market set-back.
PIMCO's Bill Gross has said US debt to GDP could accelerate towards 800% over the next five years if all actual liabilities are taken into account.
Markets were unfazed by the hefty fines facing financial institutions and posted gains around the world overnight.
Strategic bond managers have been reducing high yield exposure in anticipation of a default rate spike in the second half of the year.
US markets slipped into the red sharply overnight after the Federal Reserve announced it will extend its Operation Twist programme, instead of introducing a third round of quantitative easing.
Max King, portfolio manager in Investec Asset Management's multi-asset team, asks whether the disparity between US and European equity market performance is justified, suggesting now could be the perfect entry point into stocks.
Renowned energy investor Tim Guinness has forecast the price of US natural gas could increase by 300% in the next five years as supply is choked off and demand grows for gas ahead of coal.