Hotchkis and Wiley Capital Management, a value-oriented investment management firm, has hired Mark Hudoff to co-manage the firm’s high yield bond strategy, including the Hotchkis and Wi
Hotchkis and Wiley Capital Management, a value-oriented investment management firm, has hired Mark Hudoff to co-manage the firm’s high yield bond strategy, including the Hotchkis and Wiley High Yield Fund, with Ray Kennedy.
"All of us at Hotchkis and Wiley are excited that Mark has joined Ray Kennedy to further strengthen our high yield bond team," says George Davis, chief executive officer (pictured). "Mark brings with him extensive experience and what we feel is an outstanding record. He and Ray form a formidable nucleus for this important new part of our business."
Prior to joining Hotchkis and Wiley, Hudoff was an executive vice president, portfolio manager and head of global high yield investments at Pimco. He started at Pimco as a credit analyst for the high yield team and moved to Europe in 2000 to build and manage their European credit business, including the management of Pimco’s European high yield strategies. Upon returning to the US in 2004, Hudoff founded and developed P Pimco’s global high yield practice, while also managing US high yield portfolios.
He has over 20 years of fixed income investing experience.
Established in 1980, Hotchkis and Wiley Capital Management employs a value-oriented investment process in managing more than USD12bn in assets on behalf of institutional and mutual fund investors. Based in Los Angeles, the firm is independently owned with a majority ownership interest held by its management and professional team.