Subject to regulatory approval, the fund will target opportunities across the European high yield market and is set to launch over the next few months.
Thariyan (pictured), who also holds a Euro Stars AAA rating, and Bullock will employ a similar approach to the Henderson HF Euro Corporate Bond fund, which the duo currently manage and was launched back in December 2009.
Since its inception, the Euro Corporate Bond fund has returned 28.2% while its Citywire benchmark, the Markit iBoxx Euro Corporate TR, has risen 16.7%.
The launch follows last week's hire of two credit analysts which came to bolster Thariyan's investment team.
Commenting on the latest launch Tharyian said: 'Our entire team has long covered the full spectrum of the corporate bond market from investment grade through to the high yield and we have just hired two highly experience credit analysts to ensure we become even stronger.'
'Now that clients have seen our capability in the corporate bond area it is logical to launch a Euro High Yield Bond fund to provide them with the opportunity to access the high yield market.'