In essence, bond investors are looking for three outcomes: income, decorrelation and performance. The problem is that standard fixed income solutions are losing their ability to achieve these aims.
Moving away from pure duration bets boosts diversification and can generate alpha. This requires an investment strategy that is able to diversify across the whole of the fixed income markets and combine long-term views with tactical positions. This way, investors can find the opportunities that allow them to perform, regardless of market cycles.
Our goal is to generate strong performance in a low-yield environment. We get there by actively managing investments in government, corporate, convertible, and emerging market bonds (from investment grade to high yield and across multiple currencies).
An unwavering focus on risk helps us generate this performance with the smoothest trajectory possible. When implementing our market views and constructing our portfolio, we are always looking for upside capture, while protecting the downside to create a convex outcome.
Active, agnostic approach to tap value wherever it exists, across the whole of the fixed income markets.
We aim to generate alpha, not just capture beta, for low correlations with the broad fixed income market.
Convexity and liquidity to capture market upside whilst aiming for downside limitation.
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