Mirabaud launches new fund

Mirabaud has launched a Global High Yield Bond Fund for Andrew Lake who joined the firm at the start of the year from Aviva Investors.

Mirabaud launches new fund


The fund has been seeded with assets of $125m and will primarily invest in global high yield corporate issuers, with the aim of outperforming the high yield index.

It has been launched following a period of expansion for the firm, which saw them recruit Lake alongside Renaud Martin, who signed up as head of convertibles after leaving Crédit Agricole’s Calyon broking arm.

Rosscoe Deasey, a former RIT Capital manager was another new start as European equities manager at the start of last year.

Mirabaud also launched two other funds last year, a global emerging markets equity strategy and a dynamic allocation fund.

Lake commented: “The flexible approach [of the high yield bond fund] aims to seek out and exploit relative value opportunities across markets, sectors and individual companies. All of this is encompassed by a thorough analysis and ongoing monitoring of risk by the various high yield specialists across Mirabaud.”

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