US boutique bolsters high yield team with new hire

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Corporate credit specialist Muzinich & Co. has added a senior investment manager to its high yield team in New York.

The firm, which operates a host of Dublin-domiciled high yield offerings, has hired Mike McEachern to operate across all investment portfolios.

McEachern joins Muzinich from New Jersey-based fixed income boutique Seix Investment Advisers, where he had worked for 14 years and headed up its high yield division.

During his tenure at Seix, McEachern was a co-founder on the firm’s high yield strategy, which now has $13 billion in assets under management.

Commenting on the appointment, George Muzinich, president of Muzinich & Co. and manager on two high yield bond mandates, said McEachern’s appointment added extra depth to the company’s investment management capability.