bonds

Bond investors in Lehman Brothers face an anxious few days wait to determine the losses incurred following the bank's weekend bankruptcy.

Baillie Gifford has expanded its fixed income capabilities, poaching bond experts from SWIP and Aegon.

Fidelity Multi-Asset Strategic fund manager Trevor Greetham has slashed exposure to commodities on expectations of a revival for government bonds and cash.

Star bond manager Bill Gross has netted $1.7bn (£968m) in profit after betting against ailing mortgage giants Fannie Mae and Freddie Mac, The Telegraph reports.

PSigma Investment Management is to launch its first retail-focused multi-manager fund this month with an emphasis on opportunities in the bond markets.

Advisers are increasingly telling clients to invest in cash and bonds as stock market volatility continues, according to Virgin Money.

The IMA's new Strategic Bond sector is a step in the right direction but it will not replace the need for financial advice, warns F&C bond manager Fatima Luis.

Investors' decision to move into money market funds in July was rewarded as the sector was only one of three to report positive returns.

Advisers are increasingly looking beyond the tax advantages alone when comparing product wrappers despite changes to the capital gains tax (CGT), Zurich research suggests.

Nationwide Building Society has launched a range of bonds including a six-month fixed rate bond.