CFSGAM launches high yield team

Colonial First State Global Asset Management (CFSGAM) has launched a new high yield team to further expand the firm’s global fixed income capability.

Based in New York, the high yield team of five investment professionals would manage sub-investment grade corporate bond portfolios, and would be led by head of high yield and lead portfolio manager, Matt Philo.

Philo joined CFSGAM in May 2016, prior to which he was executive managing director/ head of high yield at MacKay Shields LLC.

The team would collaborate with CFSGAM’s existing fixed income teams across the US, Asia and Europe, Middle East and Africa. It would also share investment views and ideas through CFSGAM’s proprietary, technology-based platform, the Investment Opinion Network (ION).

The team would include Michael Elkins, who was previously at Avenue Capital, and Jason Epstein, previously managing director at Oak Hill Advisors, both of whom joined CFSGAM in September 2016.

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Other investment capabilities across the firm’s global fixed income platform would have immediate access to these strategies and research insights, the firm said.

CFSGAM fixed income and multi-asset solutions chief investment officer, Paul Griffiths said: “The addition of the High Yield team in New York further strengthens CFSGAM’s global fixed income capability and expertise in areas of proprietary research, and portfolio management”.

“The recruitment of Matt and the broader team illustrates our commitment to recruiting top quality investment talent in support of achieving our clients’ objectives.”