Theo Zemek to exit Axa IM
Theo Zemek will be leaving Axa Investment Managers at the end of the year with Barclays John Porter taking the reins as global head of fixed income.
Theo Zemek will be leaving Axa Investment Managers at the end of the year with Barclays John Porter taking the reins as global head of fixed income.
Having rallied strongly over the last four years, high yield debt is at a crossroads, writes Bryn Jones, Head of Fixed Income Research, Rathbone Unit Trust Management.
Fixed income house TwentyFour Asset Management is set to pounce on the success of its first closed-end launch with the addition of more investment trusts to its range.
Henderson has appointed Phil Apel head of fixed income, handing the credit expert responsibility for its £18.3bn global fixed income franchise and a team of roughly 60 people based in the UK and US.
It will take roughly five years before the Co-op Bank has returned to profitability, it has emerged, even with a further £1.5bn pumped into its balance sheet and a plan to cut its branches significantly.
City Financial has appointed Phillip Lee to bolster the credit analysis function in the group's fixed income team.
In a reversal of fortune, economic headwinds are triumphing over increasingly popular high yield bonds as investors ready themselves for a rising interest rate environment.
Threadneedle has shelved the launch of its asset backed securities trust.
Given the bond bubble has not burst, equity markets have not collapsed, and even emerging markets are showing signs of improving, Max King explains to the doom-mongers what is really happening.
The past few months have seen a trend of rising bond yields that was broken in September. Developments at the Federal Reserve took a more dovish turn, easing the chief source of recent market concern.
Former UBS Global Asset Management global fixed income head Rob Gambi is to join Henderson to serve as its chief investment officer.
Investors are anxiously awaiting the deadline – 48 hours from now – for the US to raise the amount its government has to borrow as they will then know exactly what the debt ceiling will be raised to.