High Yield

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 09/30/2022
Asset ClassHigh Yield
VehiclesSeparate Account | Commingled | Mutual Fund
Style BenchmarkICE BofA BB-B US High Yield Constrained
Strategy Assets (millions)$1,800
Number of Active IssuersTarget 150-175

Portfolio Managers

Ray Kennedy, CFA
13 Years with H&W 37 Years of Industry Experience
Mark Hudoff
13 Years with H&W 35 Years of Industry Experience
Patrick Meegan, CPA
24 Years with H&W 32 Years of Industry Experience
Richard Mak, CFA
9 Years with H&W 21 Years of Industry Experience