Bill Gross is managing the global macro-driven bond fund, acting on his highest conviction ideas in order to generate positive returns and fixed income diversification, while navigating ever-changing market conditions in the global economy.

Concerns over global growth, central banks starting to tighten policy and a lack of liquidity have all contributed to a painful re-pricing of high yield in the last three months.

Emerging markets debt will offer investors compelling buying opportunities when US interest rates start to normalize, according to Greg Saichin, CIO Emerging Market Debt at Allianz Global Investors, the EUR 387 billion asset manager.

Euro-denominated money market funds (MMFs) are moving closer to negative yields, on average, as declining short-term market rates have turned negative for most high quality money market issuers, Fitch Ratings says in its latest quarterly publication on European MMFs.

Nomura Asset Management U.K. Ltd. (NAM) has appointed Richard Hodges and Ben Bugg to extend its presence in the global fixed income space. Richard Hodges joins NAM from Legal & General Investment Management (LGIM), where he held the role of Head of High Alpha Fixed Income.