Global High Yield Portfolio Manager

Role Overview

We have partnered with a large global asset manager looking to hire a Global High Yield Portfolio Manager to join their Public Markets Fixed Income platform in London. This is a high-conviction investment role focused on bottom-up security selection across the global high yield universe, supporting a range of flagship investment strategies and mandates.

The successful candidate will operate at the intersection of credit research and portfolio management, contributing fundamental investment ideas while actively participating in portfolio construction and risk management decisions. The role offers significant exposure across global high yield markets, with close collaboration across Emerging Market Debt, Investment Grade Credit, and broader Fixed Income teams.

This opportunity is ideally suited to an investment professional with deep fundamental credit expertise who is looking to further develop their portfolio management responsibilities within a collaborative and intellectually rigorous investment environment.

Key Responsibilities

• Generate high-conviction investment ideas through rigorous bottom-up fundamental credit analysis across the global high yield universe.
• Take ownership of issuer and capital structure analysis, identifying attractive risk-adjusted opportunities across a broad range of sectors and credit profiles.
• Contribute directly to portfolio construction decisions, ensuring positions are appropriately sized within the context of portfolio objectives, risk budgets, and market conditions.
• Work closely with credit research analysts to challenge assumptions, refine investment theses, and influence research priorities.
• Identify opportunities beyond existing research coverage, conducting independent analysis and partnering with research teams to expand coverage where appropriate.
• Engage actively with Portfolio Managers and investment teams across Emerging Market Debt, Investment Grade Credit, and Multi-Sector Fixed Income to share ideas and assess relative value opportunities.
• Monitor portfolio positions, market developments, and credit fundamentals to ensure investment theses remain valid and risks are appropriately managed.
• Contribute to broader investment discussions, balancing bottom-up conviction with macroeconomic, liquidity, and risk considerations.
• Support the management of multiple high yield portfolios and client mandates while maintaining a disciplined and repeatable investment process.

Requirements & Qualifications

• Experience: Typically 8-12+ years of investment experience within high yield credit, leveraged finance, or related fixed income markets.
• Fundamental Credit Expertise: Demonstrable track record of conducting detailed issuer-level credit analysis and generating differentiated investment ideas.
• Portfolio Management Mindset: Evidence of translating research conviction into portfolio outcomes, whether as a Portfolio Manager or in a senior research capacity with direct portfolio influence.
• High Yield Market Knowledge: Strong understanding of global high yield markets, including BB, B, CCC, stressed, and special situations opportunities.
• Investment Judgement: Ability to assess relative value opportunities and balance fundamental conviction with portfolio construction and risk considerations.
• Collaborative Approach: Proven ability to work effectively with Portfolio Managers, analysts, and cross-functional investment teams in a highly collaborative environment.
• Communication Skills: Strong verbal and written communication skills, with the credibility to present and defend investment views to senior stakeholders.
• Broad Sector Exposure: Experience covering multiple industries and sectors is preferred, with additional exposure across both Investment Grade and High Yield markets viewed favourably.
• Risk Awareness: Strong understanding of portfolio risk, position sizing, liquidity considerations, and broader market dynamics.
• Cultural Fit: Team-oriented, intellectually curious, and comfortable operating in a fast-paced investment environment where collaboration and debate are highly valued.