Strategic bonds

GAM Star Credit Opportunities

Baring Asset Management has converted its Global Bond Trust into a more flexible Strategic Bond fund and handed it to new manager Guy Dunham.

GLG's Jon Mawby and Andy Li have repositioned their £1bn Strategic Bond fund following the announcement of a €1.1trn quantitative easing programme by the European Central Bank (ECB).

This year has been a difficult one for many active funds, but, as ever, a select group of portfolios continue to be backed en masse by buyers looking to deliver outperformance for clients.

Legg Mason Income Optimiser

Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry, Investment Week can reveal.

Nick Gartside, co-manager of the JPM Strategic Bond Fund, has said that a divergence in central bank policies could lead to more diverse returns for fixed income investors in future.

Iain Stealey, co-manager with Nick Gartside of the JPM Strategic Bond fund, looks at what lies ahead for fixed income investors in an environment of changing monetary policy.

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

ING's Annemieke Coldeweijer has cautioned investors not to be bullish on peripheral European debt, warning the tightening in spreads in the asset-backed securities market could cause pain for investors.