Opportunity in high yield laggards
Leaves AIG AM after two years
Opens existing strategy up to retail market
Managed by Verlé and Deneuville
Credit fundamentals are stable
'Italexit risks are overstated'
Joined in December
However contagion risk is limited
TER of 0.50%
Favourable rate environment
Risk assets 'can provide positive returns'
12% targeted returns
Targeting returns of up to 7% per annum
Joins from Jupiter
Lessons from the global financial crisis
Over 20 years experience in sector
Launched New York base in 2016
Stephan Michel and Andrew Lennox join £33bn asset manager
Andy Li to take up sole management duties
Joins from Millennium Capital Partners
Joins four active equity funds
Managed by Rik den Hartog
There are several arguments that one could currently make for why credit markets look unattractive.
Adopted 'pro-risk' tone