Kames Capital hires high yield head

Kames Capital has appointed David Ennett as head of High Yield.

At the same time, Phil Milburn is returning as head of Fixed Income Investment Strategy after a period of ill health.

It is understood they will be co-managers on the Kames High Yield Bond and the Kames High Yield Global Bond Funds, with Milburn the lead on the former and Ennett on the latter.

Stephen Baines will remain support manager on both funds.

Both will report to Kames’ head of Fixed Income David Roberts, who has been running the high yield portfolios on an interim basis with Baines.

Ennett joins from Standard Life Investments where he was head of European High Yield and manager of the SLI Higher Income and European High Yield Funds.

Kames Capital currently manages £50.1bn (€60.2bn) in assets.

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