No number-cruncher

“I think fixed-income fund management is seen as a more exciting business than it once was,” says Ceris Williams, head of fixed income at Morley Fund Management. “Bond managers used to be seen as the geeks in the corner crunching on numbers. That’s not the case any more.”

One of the reasons for this shift in perception is that greater demand for sophisticated fixed-income management has brought far more competition to the sterling market. “It’s no longer a cosy group of six or seven sterling fund