High yield


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Related to High yield: High yield bonds

High yield

In the context of hedge funds, a style of management that focuses on low rated fixed income securities.

High-Yield Bond

A bond with a low rating. Bonds rated less than Baa3 by Moody's or BBB- by S&P or Fitch are considered high-yield bonds. They have higher yields because they have a higher risk of default on the part of the issuer. High-yield bonds are considered sufficiently high-risk that the law does not allow banks to invest in them. They are also called low-grade bonds, and, informally, junk bonds.
References in periodicals archive ?
The world is starved for yield," observes Brad Beman, chief investment officer and director of high yield for AEGON USA Investment Management, in Cedar Rapids, Iowa.
The report provides additional key figures for high yield and leverage loan issuance for both Q4 and the entire year.
Stolberg and Haley will enhance the management of SSgA's high yield assets and further advance the firm's global active credit capabilities.
A top provider of execution and liquidity in small and mid-cap securities, Jefferies has expertise in equity, convertible, high yield and other fixed income securities, as well as derivatives, options, ETFs and commodity-linked products.
In some ways the low default rate is somewhat self-perpetuating in that low defaults have made high yield an attractive asset class which has in turn increased liquidity, making it possible for companies that need money to access the market.
Prior to MFS, he was head of the high yield group at Liberty Funds Group.
It will be interesting to watch whether the new supply materializes as anticipated, and whether it is enough to lead to a buyers' market," said Robert Horton, Senior Director, Fitch High Yield Corporate Finance.
Plewniak was responsible for the creation and management of Lipper & Company's high yield management from its inception in 1991.
Shares of Putnam High Yield Trust received in the merger will be subject to a short-term redemption fee of 1.
Based on the diversity of the fund's portfolio, the cushion of the over-collateralization tests, the conservative valuation of the semi-liquid and illiquid investments and the experience of GTCP in the high-yield loan, mezzanine and special situation asset classes, Fitch affirms all of the rated liabilities issued by GoldenTree High Yield Opportunities II, L.
Erikson, CFA, as lead portfolio manager of the following: Evergreen High Yield Bond Fund (NASDAQ:EKHAX) and Evergreen VA High Income Fund, both open end funds, and closed end fund Evergreen Income Advantage Fund (AMEX:EAD).