Aviva Investors has hired Baring Asset Management’s Sunita Kara for its European high yield team.
Kara, most recently a global high yield portfolio manager at Barings, will be based in London and report to Aviva Investors head of high yield investments Todd Youngberg.
She managed the £355.7m Baring Corporate Bond fund in her previous role. FE Analytic shows the fund as being down 1.51 per cent over the year to date, but it gaining 10 per cent in 2012.
Youngberg says: “Sunita is a highly experienced and capable investment professional who will be lead manager on the European portion of our global high yield accounts.
“She not only brings high energy and passion to our high yield team, but also a strong acumen in both fundamental security analysis and the macroeconomic drivers of alpha.”
Her hire follows the recent appointments of Patrick Goff and Blake Huyne, who were brought into the asset manager’s Chicago team as senior research analysts.
Youngberg adds: “More broadly, the recent appointments of Sunita, Patrick and Blake demonstrate Aviva Investors’ continued commitment to delivering world-class solutions to our investors across the fixed income spectrum, and as demand for high yield from the investor community continues apace.”