Navigating the Waves of the High Yield Market: Insights from Clark Nicholls

The Turnaround Podcast with Stephen Phillips, Episode 14

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Clark Nicholls, CIO and Founder of Aucit Investment Management, a long and short fund specializing in high yield bonds.

Tune in to the episode to hear about:

  • Clark’s career journey from being a senior portfolio manager at AXA to founding Aucit Investment Management and being on the boards of prominent finance associations

  • The characteristics that define high yield bonds, differentiating them from investment-grade bonds.

  • How technical and fundamental analyses play pivotal roles in decision-making frameworks

  • The inspiration and journey to Clark launching Aucit rooted in the principle of stewardship—serving investors with a focus on risk-return performance

  • How advancements in technology are reshaping financial landscapes and the impact on high yield markets

  • Clark’s outlook on the future of the markets facing geopolitical pressures and changes in interest rates that affect the dynamics of high yield bonds.

  • Ongoing opportunities in the high yield space, fueled by careful credit work and strategic foresight

Learn more about Clark Nicholls:

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

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Connect and learn more from your host, Stephen Phillips:

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