FE

Goldman Sachs Asset Management's global fixed income team has reduced exposure to high yield bonds this year due to concerns about valuations.

Aberdeen's head of emerging market debt has halved currency exposure in his fund after emerging currencies failed to deliver the returns he expected in 2013.

LEADER

Data provider FE has named several rising stars of fund management in its 2014 Alpha Managers list, as well as recognising the industry's veterans.

Data provider and ratings service FE plans to take a minority stake in Richard Romer-Lee's Square Mile Investment Research as the two companies launch a strategic partnership.

The £2.2bn Foreign & Colonial investment trust is preparing to halve its UK exposure, as well has slashing gearing to mitigate against a possible 10% fall in equity markets in 2014.

The cheapest UK equity income funds in the market are delivering much better long-term returns than some of their more expensive rivals, data compiled for Investment Week reveals

Legg Mason's Income Optimiser fund ended last year with the lowest duration since its inception in December 2011, in an effort to mitigate the risk of further rises in government bond yields.

Top-performing Japanese equity manager Hideo Shiozumi has said investors should not expect another runaway 12 months for the country's stock markets until 2016.

Legg Mason Capital Management's Sam Peters has said US financials are the cheapest cyclical stocks in the US market and will climb sharply if interest rates increase this year.