Experts say Greece is likely to stay in the eurozone, adding the Greek crisis is not a financial markets crisis.
Long/short fund designed to take advantage of credit market volatility and interest rate rises.
With the bond market experiencing high volatility, fund managers wonder what is next for the asset class.
A survey by Bank of America Merril Lynch found 42 per cent of fund managers predict Greece could default without exiting the eurozone.
The asset manager has hired Omar Saeed to run the trust.
The news comes as Morningstar reveals Pimco outflows were worse than expected.
The funds replace the £2bn Kames Absolute Return Bond Fund, closed for capacity constraints.
The bank put the mistake down to “clerical error”.
The Janus Global Unconstrained Bond fund saw a 2.7 per cent drop.
Pimco has been toppled as the world’s largest bond fund.
The news follows the announcement of fund manager Stewart Cowley’s departure.
Psigma’s Tom Becket urges cautious investors to reassess their traditional concept of risk.
Only 8 of 33 European markets show net outflows of long-term funds.
The unconstrained bond fund continues to see outflows after Bill Gross’ departure.
Russ Oxley and his team have joined OMGI.
The manager of the M&G fund is one of the highest-paid finance execs.
The launch is alongside ETF Securities.
The central bank thinktank cautions on how markets would react to another crisis.
Baring Asset Management has unveiled a strategic bond fund managed by head of global aggregate Guy Dunham and fixed income investment manager Richard Balfour.
Are pensioner bonds behind the £1.3bn fall in January retail fund flows?
Asad Bhatti has been appointed deputy fund manager of the Invesco Perpetual High Yield Fund where he will join the group’s co-heads of fixed interest, Paul Causer and Paul Read in the management of the portfolio.
Aviva Investors’ systems were open to abuse by traders, regulator finds.
Global assets are due a “recalibration of value” when the US Federal Reserve starts to increase interest rates, the FP Tellsons Endeavour team says.
The energy shock has punished US high yield, but there are opportunities in European high yield on for investors unperturbed by volatility, T Rowe Price’s Michael Della Vedova says.
JP Morgan Income Opportunity fund manager Bill Eigen has plunged into high yield and Venezuelan debt on overdone oil price fears.
Kames Capital plans to launch a second absolute return government bond fund after its first became too large to market.
A 10-year loan to the UK government now just yielding 1.4 per cent, per annum.
Secured Energy Bonds, launched in 2013 with promises of 6.5 per cent interest payments, has fallen into administration.
JP Morgan Asset Management has launched a UK version of its $407.1m Global Bond Opportunities Sicav to counter “intellectually incoherent” conventional fixed income investing.
Investment Association statistics show record sales of trackers, while UK Equity Income was the top seller driven by flows into Neil Woodford’s fund.
Threadneedle high yield bond portfolio manager Jeffrey Mueller is moving to the London officer of US manager Eaton Vance.
The Threadneedle Global Opportunities Sicav has a bold 7.8 per cent of its portfolio in Portuguese sovereign debt.
The Brooks Macdonald Defensive Capital fund is moving to the IA Targeted Absolute Return sector – “its correct place”.
UK equity funds remained hugely popular amongst investors in the final three months of 2014 despite the market enduring a severe bout of volatility.
The ECB must stick to certain conditions if it starts a bond buying-programme, the European Court of Justice says.
Pimco founder Bill Gross has claimed he was fired by the fund manager after offering to pare back his role at the firm.
Threadneedle is readying an Oeic version of Jim Cielinksi’s €235.5m (£184.1m) Global Opportunities Bond Sicav.
Bond fund giant says the good times are over.
Charles Stanley has hired former F&C manager Peter Geikie-Cobb to head its Matterley business and has a new fund in the works for the bond man to run.
The Pimco Total Return bond fund, abandoned by Bill Gross last year, shed another $19.4bn in December.