The fund, which already has assets in excess of $125m, will be a sub fund of the Mirabaud Luxembourg Sicav.
The aim of the fund is to outperform the high yield universe and generate an attractive total return through a combination of income and capital gains over a full investment cycle by investing primarily in global high yield corporate issuers.
The fund will be managed with a “unique investment philosophy” driven by active management and security selection, incorporating both top-down and bottom-up analysis, the company claims.
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 ongoing monitoring of risk by the various high yield specialists across Mirabaud.”
In the past 12 months, Mirabaud expanded its asset management team in London and last year launched a global emerging markets equity fund as wel
