High yield manager joins from Schroders in further expansion of Man GLG’s credit platform
Man GLG, Man Group’s discretionary investment management business, today announces the appointment of Michael Scott as a portfolio manager within its credit business. Michael will be based in London and work closely with Man GLG’s Credit CIO Simon Finch, who joined the firm earlier this year. He will focus on developing an unconstrained global high yield credit strategy and building out Man GLG’s overall high yield capabilities and offering over time. He will also be supporting Man GLG’s existing multi-strategy credit portfolios.
Michael joins Man GLG from Schroders, where he was a portfolio manager in the European and UK credit team overseeing approximately $4.2bn. Michael was the lead portfolio manager for the Schroder High Yield Opportunities strategy and Schroder Strategic Bond strategy, as well as co-manager of the Schroder ISF Global Credit Income and Schroder ISF Global High Yield strategies. Michael joined Schroders in 2006 and initially spent four years as a European industrials credit analyst, covering investment grade and high yield. He began his career at Cazenove Capital Management and brings 13 years of credit experience to Man GLG.
Teun Johnston, CEO of Man GLG, said:
“Mike is an experienced portfolio manager with an established track record in managing credit strategies. His appointment is another exciting addition to Man GLG’s growing credit platform, following other recent senior investment hires in this area, and we look forward to his contribution to the business.”
Simon Finch, CIO of Credit at Man GLG, said:
“Mike has the kind of ability and approach we look for in portfolio managers, and will be an asset to Man GLG as we grow our capabilities in global high yield credit. He has developed a rigorous and proven investment philosophy throughout his career, focused on fundamental security selection and credit allocation within a themes-based framework.”
Michael Scott, Portfolio Manager at Man GLG, said:
“Man GLG is an alpha-focused investment manager with robust infrastructure and a history of effectively integrating portfolio managers and investment teams. I look forward to joining the team at an exciting time for the credit business, which continues to expand in size and breadth of expertise, and to building out a broader high yield offering at the firm.”
Michael’s appointment follows Man GLG’s announcement regarding the appointments of Craig Veysey and Francois Kotze from Sanlam FOUR and the acquisition of its strategic bond strategy.
As at 30 June 2018, Man GLG has $38.4bn in AUM, of which $14.4bn is in fixed income and credit.