We believe in looking broadly for opportunities, taking “singles and doubles” active exposures, while carefully managing the downside in order to provide consistent excess returns.
The investment process parses the risk factors which drive return, i.e. interest rates, term structure, inflation, volatility, credit and non-U.S. We believe that understanding the potential outcomes from exposure to these risks is what fixed income investing is all about.
In rethinking fixed income, we unbundle the risks within fixed income securities and then apply them to create portfolios that are designed to meet client objectives.
The foundation of our investment approach is built upon the understanding of risk first and then return.