Kames boosts high yield team to exploit 'dispersion' in markets

Former Scottish Widows Investment Partnership (SWIP) Mark Benbow has joined Kames Capital as an investment analyst in its high yield bond team.

Benbow, who focused on global equities - in particular global telecoms - while at SWIP, will report to Kames High Yield Bond fund manager Phil Milburn in his new role. Kames said his arrival will help the team further develop expertise in leveraged finance. Milburn (pictured) pointed to the need for greater analytical capabilities at a time when high yield returns are becoming less uniform. "We are currently witnessing increased dispersion across sectors and specific bonds in the high yield universe, therefore it is vital to have a skilled analytical team to exploit these opportunitie...