Joining Forces with iM Global Partner for New European High Yield Strategy
iM Global Partner is preparing to launch a European High Yield strategy managed by its partner, Polen Capital, providing access to Europe’s diverse credit market during a time when investors are reassessing their global portfolio allocations.
Ben Pakenham, who was Head of European High Yield and Global Loans at a UK-based asset manager prior to joining Polen Capital, will serve as lead portfolio manager of the strategy. In addition to Mr. Pakenham, the European High Yield team also includes co-portfolio manager and research analyst Adam Tabor as well as research analysts Andrew Carrie and Julien Martin.
Together, the team was previously responsible for managing more than US$2bn of European and Global High Yield assets for a well-established UK firm. The team has extensive experience running strategies that generated a relative yield advantage with a lower default rate than the broader European high yield market.
iM Global Partner and Polen Capital believe what sets the team apart is the way they view credit risk through a different lens than credit ratings agencies, believing that structural inefficiencies in the leveraged credit market create attractive opportunities for active managers to exploit.
By carrying out fundamental research, they seek to identify mispriced securities with an embedded margin of safety to build concentrated, yield-advantaged portfolios. At the same time, the team remains informed by the macro environment and implements strategic overlays to align their portfolio positioning with the broader economic backdrop.
Through Polen’s long-held investment philosophy of generating a through-the-cycle yield advantage while mitigating downside risks, we believe that we can generate attractive relative returns for our clients.
Important Disclosures
This is a marketing communication. It is not a binding contractual document or an information document required by law. The information contained in this document does not constitute an offer or recommendation to buy or sell units of the fund and is not sufficient to make an investment decision. Please refer to the fund's prospectus and KID before making any final investment decision. These documents, containing full information on the risks associated with the investment, as well as a summary of investor’s rights, are available in English on www.imgp.com or from the iMGP offices at 5, Allée Scheffer, L-2520 Luxembourg, Grand Duchy of Luxembourg. The investment concerns the acquisition of units or shares in a fund and not in a given underlying asset. Investing puts your capital at risk: although they generally have a greater risk spread, investing in mixed sub-funds exposes the investor to the risk of recovering an amount lower than that which was initially invested. Investments in mixed sub-funds are subject to the risks involved in any investment in equities and bonds. More information on www.imgp.com.
This information has been prepared by Polen Capital without taking into account individual objectives, financial situations or needs. As such, it is for informational purposes only and is not to be relied on as, legal, tax, business, investment, accounting, or any other advice. Recipients should seek their own independent financial advice. Investing involves inherent risks, and any particular investment is not suitable for all investors; there is always a risk of losing part or all of your invested capital.
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Unless otherwise stated, any statements and/or information contained herein is as of the date represented above, and the receipt of this information at any time thereafter will not create any implication that the information and/or statements are made as of any subsequent date. Certain information contained herein is derived from third parties beyond Polen Capital’s control or verification and involves significant elements of subjective judgment and analysis. While efforts have been made to ensure the quality and reliability of the information herein, there may be limitations, inaccuracies, or new developments that could impact the accuracy of such information. Therefore, the information contained herein is not guaranteed to be accurate or timely and does not claim to be complete.
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