The GLG Strategic Bond is building up more-liquid credit holdings – and cash – in advance of volatile markets as it surpasses £1bn in assets.
Total net inflows year-to-date are at £5.3bn, with some £1.5bn taken in during the third quarter.
Pimco founder and former-CIO Bill Gross got a $290m bonus last year despite his blockbuster fund underperforming most of its peers, Bloomberg reports.
Janus Capital launches a Dublin-domiciled mirror of Bill Gross’ Janus Global Unconstrained Bond fund.
An insurance shortfall is driving large gains in the catastrophe bond market which is on track for a record $9bn of issuance this year, GAM Star Cat Bond manager John Seo says.
Axa Investment Managers has hired BNP Paribas’ Gregory Venizelos as a senior credit analyst.
The funds will be managed by head of emerging market credit Steve Drew and fixed income manager James Briggs respectively.
Half of the outflows occured during the first five days of trading in October
News comes follow exits of rates managers Stuart Thomson and Russ Oxley as well as the rest of their team earlier this month.
Aviva Investors has hired former Lloyds Banking Group market strategist Charlie Diebel as its head of rates and strategy.
A spokesperson for Nomura has confirmed that Dickie Hodges will join the firm in November of this year.
State Street Global Advisers has launched the first global passive convertible bond ETF on the German Borse.
The falling euro should give the trading bloc the boost it has lacked from its central bank and member governments, M&G’s Richard Woolnough says.
The fund is to be brought across to SLI following its acquisition of Ignis earlier this year.
Emerging markets house Ashmore has teamed up with Source to launch ETF share classes of two fixed income funds on the London Stock Exchange.
Embattled Tesco’s bonds – like its equities – were sold off aggressively after the retailer admitted a £250m hole in its accounts, but Rathbones’ Bryn Jones believes the debt has a good chance of bouncing back.
BNY Mellon has agreed to buy US fixed income house Cutwater Asset Management for an undisclosed sum.
Two bond US total return bonds, the MetWest Total Return and DoubleLine Total Return funds saw significant inflows following the Pimco announcement.
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.