Author: Ticker Magazine
123jump.com
Last Update: 12:24 PM EDT March 28 2008

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Paul Scanlon		“It is all about identifying the credits in transition, where the market all of a sudden determines that the business plan or the asset coverage is worse than expected. You have to be a skeptic, but you also need to be prepared to take advantage of those movements.”
		Putnam High Yield Advantage Fund

Navigating through the high-yield sea of opportunities can be rough, as one has to be mindful of the high risk of defaults. That is why Paul Scanlon, the manager of the Putnam High Yield Advantage Fund, believes that it all comes down to sufficient expertise, resources, and a rigorous and risk-controlled process. The fund also relies on diversification and granularity to capture the opportunities and minimize the risks.