Man GLG launches high yield fund for ex-Schroders manager Scott

Joined in December

Mike Sheen
Mike Scott (right) at last year's Investment Week Fund Manager of the Year Awards

Mike Scott (right) at last year's Investment Week Fund Manager of the Year Awards

Man GLG is set to launch a global unconstrained high yield fund to be managed by former Schroders High Yield Opportunities fund manager Mike Scott.

The Man GLG High Yield Opportunities fund will aim to deliver a high level of income and strong total returns through the market cycle, by combining bottom-up fundamental credit selection with top-down thematic investment analysis. Its credit selection will form the "focal point of the investment process", Man GLG said, with the thematic analysis helping shape overall portfolio allocations. Scott, who joined Man GLG in December after 12 years with Schroders, will utilise a regional and sector-agnostic approach to selecting securities, and will typically hold 60 to 80 positions within ...

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