Janus Henderson has announced an expansion to its fixed income franchise through the hiring of a four-person emerging market debt (EMD) team.
Previously, the team managed €6 billion ($9.2 billion) in hard currency EMD pooled vehicles and segregated accounts for both institutional and retail clients at Danske Bank Asset Management, one of the largest asset managers in the Nordic region.
Comprising portfolio managers Bent Elvin Lystbaek, Jacob Ellinge Nielsen, Thomas Haugaard, and Sorin Pirău, the team are scheduled to join Janus Henderson by 1 September and will report to the firm’s global head of fixed income Jim Cielinski.
In hiring the team, Mr Cielinski said that Janus Henderson had emphasised its focus on meeting the needs of clients for standalone EMD strategies while also enhancing its overall global fixed income franchise and ability to build multi-sector fixed income solutions.
“Emerging markets debt is a fast-growing segment of the market that many investors look to for higher income and risk-adjusted returns. We believe this is a critical component of a global fixed income platform that supports single-strategy and multi-sector portfolios,” he said.
Since its inception in 2013, Janus Henderson said that the EMD team had consistently delivered for clients and had sought to generate alpha through country allocation and security selection with a focus on credit risk premia.
Environmental, social, and governance factors are integrated into the team’s research process with quantitative and qualitative factors taken into consideration in order to determine an internal, forward-looking score.
Mr Cielinski added that Janus Henderson was excited to welcome the new team and looked forward to generating risk-adjusted returns for the firm’s clients.
“Adding this EMD hard currency capability to Janus Henderson’s global fixed income platform complements our existing strengths in emerging market corporate credit, global bonds, and emerging market equities,” he said.
