Harries seeking income from across the world

Manager has produced top-quartile returns over first two years, playing themes of oil, transport and telecoms and overweighting emerging markets

Bank of New York Mellon is celebrating the second anniversary of its Newton Global Higher Income fund with top-quartile performance, returning more than 8% over its benchmark. Launched in November 2005, Global Higher Income is managed by James Harries, a member of the four-strong global equity team headed by Paul Butler. Harries originally joined the group in 1995, moved to Veritas Asset Management in 2004 and re-joined Newton in 2005. In his first spell at the group, he specialised in managing portfolios for private investments and charities, and also ran the Newton Falcon fund. On...