Kames Capital, the Edinburgh-based fund unit of Aegon NV, said Stephen Jones, co-head of fixed income, is replacing Andrew Fleming as chief investment officer.
Wales made one starting change for its Rugby World Cup semifinal against France on Oct. 15, choosing James Hook at fly-half after Rhys Priestland was ruled out with a shoulder injury.
Stephen Jones will make his record 101st appearance for the Wales rugby team when it meets England at Twickenham Stadium in London in two days.
Aegon Asset Management is sticking with U.K. bonds because it expects the Bank of England to raise interest rates more slowly than the European Central Bank, even as inflation runs at almost twice the pace of the euro area.
Money managers in Edinburgh agree that the Bank of England will turn on the printing presses again this year as the economy flags. They are not unanimous on what it means for government bonds.
Kames Capital, whose inflation-linked bond fund is the best-performer in the U.K. over the past 12 months, is counting on more asset purchases by central banks this year to boost returns further.
"The outright direction and return available from gilt markets has surprised even us."
- Stephen Jones on Dec 11, 2014
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