18/04/2013
Michael Poole becomes lead manager of European high yield fund from Threadneedle
P { margin-bottom: 0.08in; } Threadneedle has entrusted responsibility for the management of the European High Yield Bond fund, whose assets under management total GBP790m, to Michael Poole, who for the past two years has been co-manager of the fund, alongside Barrie Whitman, who becomes deputy manager of the strategy, Investment Week reports. Whitman will continue to manage other strategies, such as the Strategic Bond fund, whose assets under management total nearly GBP400m. The European High Yield Bond fund has earned returns of 16.7% in the past twelve months, compared with returns of 10% on average for the Global Bonds sector of the British Investment Management Association (IMA).
