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. Structural alpha strategies may include relative value strategies and directional trades. The investment process is decidedly topdown in approach. The portfolio managers formulate their strategic and opportunistic views across different countries, currencies and sectors, translate those views into portfolio exposures that represent highest conviction ideas, and implement them through cash or derivative instruments.
INVESTMENT APPROACH
Experienced investors
The investment team focuses on managing strategies with absolute return targets and an emphasis on capital preservation. The team has managed absolute return portfolios through marked periods of extreme volatility and stress.
Investment flexibility
The portfolio invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows us to fully express our high-conviction, active views and potentially avoid benchmark biases.
Uncorrelated sources of return
This bond portfolio seeks to provide positive long-term returns through a combination of top-down and bottom-up investing. The result is a predominantly investment grade, absolute return-oriented global credit portfolio that is intended to provide diversification from traditional and non-traditional asset classes.
Featured Insight
Fixed Income Perspectives
Quarterly insight from our fixed income teams to help clients navigate the risks and opportunities ahead.
