The gargantuan Pimco Total Return fund shed more than a tenth of its assets last month.
Ratings agencies are like “love-struck puppies” giving questionable appraisals of bonds, with a recent HSBC issue a case in point, Kames Capital says.
The central bank may broaden the scope of its asset back securities programme to include Cypriot and Greek bank loans.
The Argentine foreign ministry says the ruling by a US judge “violates international law.”
Ivascyn appointed following the departure of founder Bill Gross last week.
FundCalibre managing director Darius McDermott says Pimco founder Gross’s move to Janus Capital is “seismic” for the global asset management industry.
The Wall Street Journal reports the US regulator is carrying out a probe into whether Pimco artificially boosted returns of an ETF.
The annual management fees on both the Aberdeen Global II Euro Short Term Bond and US Dollar Short Term Bond funds have been reduced.
Standard Life Investments has created a short-duration version of its £844m Global Index-Linked Bond fund that will be managed by Jonathan Gibbs and Adam Skerry.
Nutbrown, the firm’s head of macro fixed income, will run the First State Global Interest Rates and Currency Sicav with the help of a newly-formed London-based global macro team.
Aviva Investors has outsourced management of its convertibles absolute return fund to a US firm, with the two fund managers moving with it.
Massive funds have already started to underperform because of the difficulties in managing a portfolio of hundreds of different, small bonds, Hermes’ Fraser Lundie says.
Axa Investment Managers has added a smart beta head and a senior portfolio manager to its bond team.
Alexander Pelteshki joins the financials team at Kames Capital as an investment manager.
Following FCA restrictions for individual investors, industry experts say they are also practising caution when investing in CoCos.
Multi-asset manager making move due to lack of good value in other asset classes.
M&G will launch a world-ranging floating rate high yield fund for James Tomlins next month.
Schroders European and UK fixed income manager Divya Manek has moved to Santander Asset Management.
The draft bill aims to get round the US court ruling that has stopped the Argentinian government from paying its creditors.
Elsewhere duration trimmed by 0.1 years.
Stephen Hunnisett will join as a credit analyst for Emea.
Hargreaves Lansdown feels it will be increasingly difficult for managers to add value.
Chris Bowie spent a decade at Ignis, departing upon its takeover by Standard Life.
High yield suffered biggest sell off in July since 2013’s taper tantrum.
US equities and stock ETFs also suffered significant outflows according to the latest US weekly fund flow data from Lipper.
Fund manager Bill Eigen outlines the biggest misconceptions bond investors have.
There is a strong consensus that bond yields can only rise as interest rates go up, but that may be misguided, M&G’s Anthony Doyle says.
Global corporate bond markets have doubled since the global financial crisis, but liquidity has shrunk to a quarter of 2007 levels.
BNY Mellon is to launch a mostly-hard currency Asian bond fund for its Singapore-based Standish fixed income team.
The more the great yield hunt drags on, the louder warnings about corporate bond liquidity get.
Investors have continued to pull away from high yield bond funds with close to $5bn (£2.9bn) being yanked from these portfolios over the past week.
Investors are finding it difficult to agree on the outlook for high yield bonds as valuations in the space look increasingly stretched.
Regulator recommends investors consider how long it will take them to access their money from a corporate bond fund in a down market.
JP Morgan Asset Management plans to close five fixed maturity bond funds following a narrowing of their investment universes.
Brewin Dolphin head of research Guy Foster says noises coming from the respective governments of rising inflation will force a sale of holdings
Fund investors have pulled back from high-yield bond funds after Federal Reserve chair Janet Yellen warned on valuations in the asset class.
Fund is a Dublin-domiciled version of a pre-existing US fund.
John Anderson previously managed the JPM Sterling Corporate Bond fund up until July of last year.
The Fed chairman also cautioned over valuations and issuance in high yield debt as well as the leveraged loan market.
The firm has made a series of senior appointments to its growing emerging market debt team.