High Yield

Global High Yield Bonds

Our high yield bond strategies draw upon our extensive investment platform and experience to provide access to the U.S. and European high yield markets.

AUM

$ 4.83 billion as of March 31, 2023

Inception Date

2010

Vehicle Types

U.S. Closed End Listed Fund
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 with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

AUM

$ 1.39 billion as of March 31, 2023

Inception Date

2011

Vehicle Types

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 with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

AUM

$ 4.86 billion as of March 31, 2023

Inception Date

2000

Vehicle Types

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 with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

AUM

$ 762.48 million as of March 31, 2023

Inception Date

2011

Vehicle Types

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 with over 90 investment professionals dedicated to high yield credit

  • Long-term track record managing both U.S. and European credit
  • Rigorous, on-the-ground approach to managing credit through company visits and regular participation on management calls
  • In-depth, bottom-up credit analysis provides unparalleled coverage up and down the capital structure, across industries and geographies
  • Active portfolio management captures our best ideas while managing risk and optimizing relative value
  • Integrated loan and bond high yield research and portfolio management

Portfolio Managers

Craig Abouchar, CFA
Managing Director
Kelly Burton
Managing Director
Chris Ellis
Managing Director
Sean Feeley, CFA
Managing Director
Scott Roth, CFA
Co-Head of U.S. High Yield
Chris Sawyer
Head of European High Yield

Portfolio Managers

Craig Abouchar, CFA
Managing Director
Kelly Burton
Managing Director
Chris Ellis
Managing Director
Sean Feeley, CFA
Managing Director
Scott Roth, CFA
Co-Head of U.S. High Yield

Portfolio Managers

Kelly Burton
Managing Director
Sean Feeley, CFA
Managing Director
Scott Roth, CFA
Co-Head of U.S. High Yield

Portfolio Managers

Craig Abouchar, CFA
Managing Director
Chris Ellis
Managing Director
Chris Sawyer
Head of European High Yield
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