Specialist fixed income manager, BlueBay Asset Management (BlueBay), has appointed Adam Phillips in a newly created role as Head of Developed Markets Special Situations.Based in London, Phillips reports to Mark Dowding, Chief Investment Officer (CIO) and will be responsible for building out BlueBay’s capabilities within stressed and distressed credit where he will be leading the launches of new special situations investment strategies that will be established in the coming months.
The new strategies will complement BlueBay’s existing event driven credit strategy, which Adam will also be managing, alongside Duncan Farley and Tim Leary.
The team believes there is an increasing opportunity to invest in stressed and distressed credit, where the level of corporate restructurings is set to remain elevated in the wake of the Covid-19 crisis.
Dowding says: “We are delighted to welcome Adam to the team. His impressive investment skills, substantial leadership experience and track record of strong investment returns and asset raising make him a great addition to our already solid team. By leveraging our robust platform of analysts and strategists, he will play a significant role in helping us provide clients with new investment opportunities in a growing asset class.”
Before joining BlueBay, Phillips was Head of Investments at Blantyre Capital, European CIO at Marathon Asset Management and Head of European High Yield & Distressed at Lehman Brothers. Earlier in his career, Phillips was Head of the Asian Distressed team at Standard Bank and he started his career at British & Commonwealth Merchant Bank in structured and property finance.
