Global Senior Secured High Yield Bonds
- AUM $1.4 billion
(30 September 2020) - Inception Date 2010
- Vehicles Available
- UCITS
- Separate Account
Investment Philosophy
We believe attractive, long-term, risk-adjusted returns can best be achieved through a combination of:
- Strong fundamental credit underwriting, with the primary focus on principal preservation
- Active portfolio management to capture the best relative value and identify opportunities for capital appreciation
Our Value Add
One of the industry’s largest global high yield teams
- 69 dedicated high yield investment professionals allow our team to analyze more opportunities
- Experienced in-house investment professionals in both U.S. and European markets
- Long-term track records in managing both U.S. and European credit
- Portfolio managers and analysts provide an on-the-ground, rigorous approach to managing credit by conducting company visits and regularly participating on management calls
In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
- Integrated loan and bond high yield research and portfolio management
- On-the-ground resources provide local access and insight into the markets where we’re investing
- Active portfolio management capturing our best ideas while managing risk and optimizing relative value
Portfolio Managers
Sean Feeley, CFA
Scott Roth, CFA
Craig Abouchar, CFA
Kelly Burton
RelatedViewpoints
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High Yield: Bridging the Gap to a Post-COVID World
What lies ahead for high yield markets? Head of Global Public Fixed Income, Martin Horne weighs in on what the bifurcated asset price recovery, record issuance levels and falling default expectations imply for high yield markets in the months ahead.
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Four Benefits of Senior Secured Bonds in an Uncertain Environment
Times of volatility can also yield opportunity if navigated carefully—and in the event of widespread defaults, senior secured bonds can offer some particularly compelling benefits.
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High Yield: Rates, Recessions and Relative Value
While there is no shortage of risks to consider in today’s high yield markets—from ESG to the end of the credit cycle—Barings’ Martin Horne describes how taking a contrarian approach can help investors uncover pockets of value.
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Fixed Income: Upending the Conventional Approach
Michael Freno, Head of Global Markets, shares his view on where value can still be found in fixed income, despite the uncertain current environment—and why investors may need to look beyond traditional indexes in high yield, investment grade and emerging markets debt.
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Four Reasons Security Matters Right Now
Amid the late stages of an elongated credit cycle, Martin Horne, Barings’ Head of Global High Yield, discusses four reasons why global senior secured bonds—a lesser known and perhaps underappreciated subset of high yield—could be an attractive option in the event of defaults.
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