Schroders' Michael Scott, manager of the award-winning £739m High Yield Opportunities fund and other bond strategies, is leaving the group after 12 years to join Man GLG.
Scott will remain at Schroders until the middle of Q4 and then move to Man GLG in December, where he will be a portfolio manager within its credit business. Based in London, he will work closely with Man GLG's Credit CIO Simon Finch, who joined the firm earlier this year. At Man GLG, Scott will focus on developing an unconstrained global high yield credit strategy and building out the group's overall high yield capabilities and offering. It is understood the new fund will be focused on fundamental security selection and credit allocation within a themes-based framework and is expected...
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