We believe fixed income opportunities are best captured by independent,
specialist decision makers interconnected as a global team.
Strategy Role and Objectives
Products are designed to capture value across the permissible
sources of alpha allowed by guidelines, with the preference that no one decision
dominates returns over the long-term.
Market volatility and realistic success rates of distributed decision
makers present opportunities to achieve performance objective.
Product Profile
Our product is a fixed income, total return strategy that seeks to
outperform its respective benchmark. Returns are generated by actively managing a
diversified portfolio of sectors and/or securities that allow for relative performance
opportunities across dynamic market environments.
Investment Process
We believe our unique approach to distributed decision making and portfolio
construction sets us apart from other fixed income managers. Our approach:
Delivers the best ideas into each client portfolio.
Allows decisions to be made by specialists, not group think.
Evaluates continuously.
Shares information instantly for timely action.
Records and evaluates to improve decision quality.
1Decisions are made using a standard
approach to evaluating markets,communicating active positions, and maintaining sell
disciplines. 4 Evaluation is used to monitor portfolios and
decision quality, as a tool to manage risk.2Design links target excess returns to
investment decisions, taking into account skill, market opportunity, and volatility. 3Construction of portfolios is a separate
discipline to decision making, with portfolio managers as consumers of investment
decisions made on a global platform.
Our investment process is supported by investment specialists on an
investment platform that delivers the following characteristics:
Transparency: Clear reasoning and results behind
every investment decision.
Flexibility: Ability to position the portfolio and to
allocate tactically.
Quality Control: Each investment decision is
recorded, and evaluated.
