Mirabaud Asset Management has launched the Global High Yield Bonds fund.
The fund was launched on 1 February with assets in excess of USD125m, and will be a sub fund of the Mirabaud Luxembourg Sicav.
The high yield bond fund aims to outperform the high yield universe and generate an attractive total return through a combination of income and capital gains over a full investment cycle by investing primarily in global high yield corporate issuers. The fund will be managed with an investment philosophy driven by active management and security selection, incorporating both top-down and bottom-up analysis.
The fund will be managed by Andrew Lake (pictured), who joined Mirabaud from Aviva at the end of last year.
Lake says: “This flexible approach aims to seek out and exploit relative value opportunities across markets, sectors and individual companies. All of this is encompassed by a thorough analysis and ongoing monitoring of risk by the various high yield specialists across Mirabaud.”
Lionel Aeschlimann, partner and head of asset management at Mirabaud, says: “Managed by a fund manager of the calibre of Andrew Lake, this fund will make a very strong addition to Mirabaud’s UK based asset management offerings. We are confident that he will generate excellent long-term results for our clients.”