Strategies

High Yield

Summary

Strategy Description

The High Yield strategy seeks to invest in undervalued debt securities of companies with attractive cash flow, strong asset coverage and financial flexibility to de-lever over time. We combine our research team’s expertise in small/mid-caps and fallen angels with a bias toward senior securities as we seek to maximize risk-adjusted returns.

Strategy Facts

As of 12/31/2019
Asset ClassHigh Yield
Style BenchmarkICE BofAML BB-B US High Yield Constrained
Strategy Assets (millions)$3,807
Number of Active IssuersTarget 100-125
StatusOpen

Portfolio Managers

Ray Kennedy, CFA
11 Years with H&W 34 Years of Industry Experience
Mark Hudoff
10 Years with H&W 33 Years of Industry Experience
Patrick Meegan, CPA
21 Years with H&W 29 Years of Industry Experience
Richard Mak, CFA
6 Years with H&W 19 Years of Industry Experience

Index definitions

Glossary of financial terms

More Insights

February 2020 High Yield Market Update Podcast Portfolio Manager Mark Hudoff weighs in on the current state of the high yield market. Go to Podcast January 2020 2020 High Yield Market Outlook Check out our latest update on what may lie ahead for the high yield market. View article December 2019 SMID-Cap Credit Update Mark Hudoff Provides an Update on Smid-Cap Credits Go to Article