We are an independent investment research firm covering the high yield market across both debt and equity.
Our original, detailed, company-focused research reports provide answers to the difficult but high impact questions that drive significant moves in securities prices. We invest significant resources in primary research, reflecting our goal to provide our clients with a genuine edge versus what is already known by the market.
We seek to establish the truth in any investment situation, constantly, and without bias, challenging our views for data-driven evidence. We aim to be analysts who think like investors, both in the quality of our investment research process and monitoring of our recommendations.
Our research reports cover the full capital structure of companies in our universe, providing equity valuations in all cases, including for unlisted companies. We focus on situations where we see potential for bond prices to move 20% or more and/or equities 50% or more over a next 12 month horizon.
CEO & Founder – Rupesh Tailor
Rupesh has been an analyst and investor in the high yield market since 2001. Having started his career at Goldman Sachs, Rupesh was previously Head of Barclays Capital Principal Strategies (Barclays’ principal investing group with a focus in high yield) and Head of Fundamental Credit in Bank of America Merrill Lynch’s Global Proprietary Trading Group, as well as having been part of the award-winning High Yield team at Nordea Asset Management.
Managing Director – James Moylan
James has 20 years of experience in high yield, distressed debt and project finance. James joined Barclays Capital in 2001 as a distressed debt analyst where he made career-defining successful investments in the UK energy sector across British Energy, AES Drax and First Hydro amongst others. James was Managing Director and Head of High Yield & Distressed Debt Trading and Head of Leveraged Loan Research & Trading at Barclays for many years.
Managing Director – George Flynn
George has 15 years’ experience in high yield. He started his career at ECM Asset Management in 2005 where he worked as a Senior Analyst covering High Yield as well as some Emerging Markets and Investment Grade companies. George then worked from 2014 – 2018 at Pictet Asset Management, one of Europe’s largest High Yield managers, as a Senior High Yield Analyst with a coverage universe including special situations and distressed debt.
Associate – Neil Tailor
Neil has been a high yield analyst for 3 years. Neil’s analyst career started at Origin Research and most recently at S&P. Previously Neil was an oil and gas consultant at UOP Honeywell.
Neil holds a First Class Degree in Chemical Engineering from Birmingham University.