Mirabaud's Lake: Weak high yield credits are getting weaker

'Weak high yield credits are getting weaker'

Andrew Lake is head of high yield at Swiss asset manager Mirabaud, managing $630m across the group's Global High Yield and Global Strategic Bond portfolios.

The group launched the High Yield fund for Lake shortly after he joined from Aviva Investors at the start of 2013. Since launch, the fund has returned 9.7%% compared to a sector average fall of 0.35%%, according to FE. Here he talks to Hannah Smith about the collapse of Phones 4u, Bill Gross' shock exit from PIMCO, and why he is hedging duration risk in his portfolios.   Geopolitical risk has become much more of an issue this year with conflict in many parts of the world impacting markets. How can investors manage this risk? As an investor, there is not much you can do. You can miti...