Kames Capital has promoted Claire McGuckin to comanager of the Kames High Yield Global Bond Fund beginning June 1.
Exchange-traded funds manager ProShares launched a new high yield bond ETF that provides hedging through Treasury futures, the Bethesda, Md.-based firm said.
Babson Capital and its European unit have raised the new assets for its combined high yield bond and loan platform, bringing Babson’s Global High Yield assets under management to approximately $40 billion.
Babson Capital launched Babson Capital Finance. It is led by Mike Hermsen and is part of a larger realignment at the firm.
John Rote has been hired as a managing director for RBC’s U.S. credit sales and trading group. It is the latest of several recent expansive hires by the Canadian bank.
Cantor Fitzgerald & Co. has hired several high yield and investment grade sales and trading executives away from Gleacher & Co.
Palmer Square named Jeffrey Fox as executive director. His primary responsibilities will be to manage the analytics, trading and modeling in the firm’s structured credit and CLO platform.
The firm’s mutual fund will primarily invest in high yield corporate bonds but can invest up to 20% of its assets into investment-grade securities.
Geoffrey Drayson will oversee leveraged loans, high yield bonds and distressed credit sales.
RBC hired junk bond trader Jaakob Gore from Citigroup. He joins the capital markets group based in New York.
