Legg Mason has launched an offshore version of its Legg Mason Income Optimiser fund, also to be managed by Regina Borromeo.
Insight Investment has launched a UCITS version of its Short-Dated High Yield Bond fund, managed by Ulrich Gerhard.
Kames Capital has promoted Claire McGuckin to co-manager of the Kames High Yield Global Bond Fund to ease the burden on the existing team.
The high yield bond market is set to "suffer a bout of indigestion", according to Phil Milburn, manager of the Kames High Yield Bond fund.
J.P. Morgan Asset Manangement's Nick Gartside has taken his high yield exposure to its largest ever weighting in the view investors have been too hasty in exiting the sector.
Threadneedle's Michael Poole is to become lead manager on the group's £790m European High Yield Bond fund as Barrie Whitman steps back.
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.
Royal London Asset Management (RLAM) has launched two global high yield funds for head of high yield Azhar Hussain.
Henderson has hired a team of US credit specialists with a view to building out its offshore US product range.
David North, head of asset allocation and head of global high yield bonds at Legal & General IM, is to leave the group after 12 years.