Newton builds on high yield expertise

Newton Asset Management has expanded its global fixed income team with the hire of high yield specialist Khuram Sharih.

Newton builds on high yield expertise


High yield analyst Sharih will work alongside Sebastien Pulin, who joined the team in February last year.

The new recruit joins the team from Cairn Capital where he was a senior credit analyst, devising investment strategies for long-biased Ucits funds, high yield credit funds and CLOs.

Previous roles include vice president within the investment banking and advisory team at Habib Bank and analyst positions at both JP Morgan and Denali Capital.

He will report to Parmeshward Chadha, lead manager of over £1bn of high yield bond assets. Funds under his leadership include the Newton Global High Yield Bond and the BNY Mellon Global Dynamic Bond.

He also manages the Newton Global Dynamic Bond, which has £805m under management. It has produced second quartile returns over both one and three years; its performance is plotted in the graph below.


Its top three holdings are Norway (Kingdom of), USA (treasury notes) and Canada (Government of). In terms of regional weightings, UK investments account for 14% of the fund’s assets.

A company spokesperson confirmed that the firm had no further changes to the fixed income team or product range in the pipeline. 

Newton is the second asset manager in as many days to announce that it has added to its fixed income team. Yesterday M&G unveiled its latest appointment Andrius Isciukas, also a high yield specialist.



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