RIO DE JANEIRO, BRAZIL - As the global economy gradually emerges from the coronavirus pandemic, a high-yield bond investor who has beaten 93% of peers in the past five years, is looking to Brazilian and Chinese companies to cash in on renewed growth.
Nathan Shor, a partner and portfolio manager at São-Paulo based Quasar International Cap Mgmt Ltd, who runs the US$115 million Galloway EM Hard Currency HY Bond Fund, began to invest again last year after raising cash levels at the start of the pandemic. But he is steering clear of the riskiest debt in countries . . .