Mirabaud Asset Management has launched a global high yield fund for recent hire Andrew Lake.
The Mirabaud - Global High Yield Bonds fund will be added to the Swiss company’s Luxembourg-domiciled SICAV range and managed by Lake out of its London office.
This marks the second fund launch for Mirabaud since the turn of the year. Last month, it unveiled the Mirabaud Dynamic Allocation fund for CIO of asset allocation Pierre Pinel.
Andrew Lake officially joined Mirabaud Asset Management – which is the asset management arm of Geneva-based private bank Mirabaud & Cie - in January of this year.
He had previously been at Aviva Investors where he had run two UK-domiciled fixed income funds and was head of its high yield bond team.
In his new role, Lake will focus on global high yield corporate bonds and use a combined top down and bottom-up investment approach for the fund.
Commenting on the launch, Lake said: ‘This flexible approach 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 on-going monitoring of risk by the various high yield specialists across Mirabaud.’
It fund was officially launched on February 1 2013 with $125 million in assets under management. At present it is registered for sale in Luxembourg, the UK, France and Spain.