high yield

Khuram Sharih joins from Newton

Asset class has grown over past decade

Bond yields at record lows

Take advantage of price anomalies

No change to investment mandate

Should 'alleviate financial shocks'

Easier to trade when liquidity dries up

Last year a mini-tornado blew through energy markets as oil prices tumbled. This swept up many firms at the heart of the US fracking boom that had grown through high yield debt. The wider high yield market took a fair bit of collateral damage.

Deadline of 27 June

Claire McGuckin to leave firm