Kyle Kloc of Fisch AM tackles global HY at Copenhagen Forum
Kyle Kloc, senior portfolio manager and senior partner at Fisch Asset Management, Fisch Fund Services, will outline developments in global high yield, particularly in regards to ‘rising starts/fallen angels’ and emerging markets when he takes part in the upcoming Copenhagen Forum 2017, hosted by InvestmentEuope on 24 October at the Hotel d’Angleterre.
For credit investors, there is an interesting point where investment grade and high yield meet on the rating scale, both for issuers on the way up as well as those dropping down; from year to year, investors may pay more attention to one sort of the other, Kloc argues, but opportunities always exist.
Regarding emerging markets, these remain young and inefficient – good for alpha hunters – but there are other risks that need to be addressed.
Kloc’s focus as a member of the Fisch credit team includes research coverage of US and European issuers. Before joining Fisch, he worked for 15 years at Deutsche Asset Management, previously DWS Investments, in Frankfurt, serving as co-head of global and European high yield strategies from 2007-2015. He was lead portfolio manager for the global high yield construction team.
Before that he worked as a high yield portfolio manager for four years, and for two years as a high yield analyst. He began his career in 2000 as an analyst at ING Barings BHF-BANK. He studied at the University of Pennsylvania, graduating with a BA in International Studies and earned a BS in Economics from the Wharton School