We've used the same process for fixed income management since the 1980s. At its core is a focus on proprietary research, identifying opportunities that have an attractive balance of risks and rewards, and combining different and uncorrelated investment opportunities.
We give our client added value by exploiting market inefficiencies in interest rates, currency, investment grade credit, emerging market debt and high yield.
We have dedicated portfolio managers and analysts in the three main time zones. They operate as close-knit teams, delegating investment decision-making to specialists depending on their knowledge and expertise.
There are more than 135 investment professionals working across our international teams. They make investments according to clearly defined parameters, and work within clear reporting structures based on transparency and accountability.
Our investment process is clear and structured. It’s also flexible – we can adapt our portfolio management for a wide variety of client requirements. For example, one client might need strategies which employ multiple sources of uncorrelated returns, while another might require us to focus on a particular specialist area.
Fixed income is not a static area. Many clients are moving to higher performance or core plus mandates, with others moving away from market-based indices and the use of liability driven benchmarks.
We aim to deliver superior performance across the full range of our fixed income capabilities. We also use derivatives, such as interest rate and credit default swaps, to add value and match liability exposures.