High yield may suffer after government stimulus withdrawal: Jeff Burch profile

The co-head of credit at Investec Asset Management says double-B companies may struggle if economic growth stalls after governments pull the plug on their stimulus measures.

The fixed income business at Investec Asset Management, which manages $65 billion of assets, is run out of two offices. One is in Cape Town and covers all things South African and its neighbouring countries. The London business, led by Investec’s co-head of credit Jeff Burch, is responsible for everything else.

In addition to overseeing the firm’s dedicated credit funds and multi-strategy funds, Burch’s remit includes currencies, interest rates and government bonds.

Despite the ongoing sovereign