US high-yield specialist eyes Asia

KDP Asset Management sees interest for its research and funds among Asian institutions.

KDP Asset Management, an American high-yield bond specialist based in Montpellier, Vermont, is making initial marketing and fact-finding investigations into Asia. One of its executives, Michael Penniman, has visited Hong Kong to gauge interest in selling its US dollar-denominated Defensive High Yield portfolios to Asian institutions.

The firm has provided independent high-yield research for over 25 years for a client base largely comprised of US defined benefit pension funds. Its 18 analysts cover over 400 high-yield issues and...

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