ABOUT THIS STRATEGY
The strategy's absolute return objective and broad global opportunity set grants the portfolio managers flexibility to express their investment insights that are not constrained by traditional fixed income benchmarks. This flexibility transcends the breadth of the global opportunity set to include cash bonds and structural alpha strategies. The investment process is decidedly top-down in approach. The portfolio managers formulate their strategic and opportunistic views across different countries, currencies and sectors, translates those views into portfolio exposures that represent highest conviction ideas, and implements them through cash or derivative instruments. This is a global fixed income strategy that targets moderate return and capital preservation.
INVESTMENT APPROACH
Experienced Investors: The investment team focuses on managing strategies with absolute return targets that seek to provide stable and consistent performance with a low tolerance for risk. The team has managed unconstrained, absolute return portfolios through marked periods of extreme volatility and stress.
Investment Flexibility Across a Global Opportunity Set: The strategy invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows the team to fully express high-conviction active views and potentially or seeks to avoid areas where we see greater downside risk.
Uncorrelated Sources of Return: The strategy seeks to provide positive long-term returns through the combination of core fixed income securities and derivative-based structural alpha strategies. This allows access to potential sources of returns that are intended to be uncorrelated to traditional risk assets.
Fixed Income
Capabilities
Flexible.
Thoughtful.
Connected.
Featured Insight
December 2018 | Global Perspectives | Credit | Interest Rates
Read why, in light of secular headwinds, investors should consider incorporating an absolute return mindset into bond strategies.
