Fidelity pushes fixed income team

Fidelity is going to follow up its decision to move its bonds team from Surrey to London by boosting the credit analyst team supporting its fixed income business in order to avoid "credit blow-ups" fund manager Ian Spreadbury says. He heads Fidelity's MoneyBuilder Income Fund, which already draws on five credit and five quant analysts. Companies such as WorldCom, Marconi and Cable & Wireless mean there is a growing need to put a strong team of credit analysts in place to avoid credit defaults, Spreadbury says. Indeed Fidelity estimates taking on board 3 more credit anal...