Kames recently informed us Philip Milburn, who manages the Kames High Yield Bond Fund alongside Claire McGuckin, has unfortunately had to take a temporary leave of absence due to ill health.
In order to keep investors in the fund fully informed, Philip Milburn has allowed us to share some information relating to his illness. Around 10 years ago he contracted glandular fever and is currently suffering from a secondary condition called Post Viral Fatigue Syndrome which occasionally occurs following such illnesses.
In order to fully recover he has been advised to take a complete break from work. He currently plans to return to Kames and resume his full responsibilities on the fund in early 2016.
We do not believe existing investors have cause for undue concern. Claire McGuckin has worked with Philip Milburn since 2012 and has been co-manager of the fund for just over 2 years. She also has the support of a well-resourced fixed-interest team at Kames.
We will keep investors up to date with any developments. In the meantime we wish Philip Milburn a speedy recovery.