High Yield Credit Portfolio Manager

2 weeks ago


London, UK, United Kingdom Laz Partners Full time

Global High Yield Credit Portfolio Manager

We have partnered with a leading global asset manager looking to hire an experienced High Yield Credit Portfolio Manager for their successful and growing high-yield franchise (approx £5bn AUM).

The ideal candidate will have experience running global HY portfolios trading across the HY spectrum (including CCC/B names) through a combination of bottom-up credit selection and top-down strategic positioning. Experience managing global HY portfolios with meaningful exposure to US Credit would also be highly desirable.

Our client has an excellent culture, low employee turnover, and we have completed over 20 front-office hires for them (mostly within fixed income) over the last 3-4 years.

This hire is part of their exciting growth journey, with multiple recent high-profile senior hires across their fixed income/credit teams globally, as well as continued plans to add further portfolio managers and credit analysts across various investment teams.

Key Responsibilities

  • Co-manage global HY portfolios, with a focus on consistent outperformance relative to benchmarks
  • Analyze credit fundamentals to identify opportunities across sectors and capital structures
  • Take calculated risk positions across HY, including CCC-rated credits, to drive strong alpha generation across the fund range
  • Implement risk management strategies to minimize drawdowns
  • Collaborate closely with Credit Research & Trading teams across the firm in London and globally
  • Contribute to the development of long-term strategies for expanding and optimizing the HY portfolio range


Requirements & Qualifications:

  • At least 5 years of direct risk-taking experience as a PM or Co-PM in HY credit, with strong attribution to performance
  • Familiarity with US HY markets, including sector trends & capital structures (ideally from running portfolios with at least 25%-30% exposure to US HY Credit)
  • Proven experience managing Global High Yield Credit portfolios, while working closely with credit analysts & trading teams
  • Proven ability to manage portfolios trading across the HY spectrum (including experience and confidence trading CCC/B names)
  • Strong understanding of credit fundamentals and advanced risk management frameworks
  • Experience managing through periods of market stress (ideally multiple credit cycles) is considered a plus
  • Strong communication & presentational skills

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