The 10 bond managers who thrived during gilt sell-off

GILT SELL-OFF

In recent years investors have taken refuge in government bonds in the UK and abroad, snapping up what many consider to be one of the most risk-free investments in the market.

UK gilts in particular - alongside US treasuries - have been snapped up with increasing frequency by investors desperate to protect their money from the volatility in equity markets, amid fears over a global slowdown. An unprecedented rush into gilts forced prices higher and pushed yields to record lows, as investors opted for safe havens over returns. However, the rally left many fixed income managers wrestling with the conundrum over whether to hold on to gilts and other assets as a hedge against a sell-off, or cash in and hunt for some higher yielding assets. Yields on gilts hit...