Investment philosophy and style

We believe much of our competitive advantage lies in our ability to interpret markets. Our investment team follows a process that ensures ideas are consistently analysed and rigorously debated.

 

Our philosophy
Our fixed income specialists are guided in their research and fund management duties by a three-pronged philosophy.

- Markets are inefficient. We can exploit this through robust research and active management.
- It is vital to identify, analyse and manage risk.
- Investment strategies should be transparent and clearly communicated.
 

Our style
Our style is highly active, taking full advantage of the investment opportunities presented to our fund managers, who draw on the best ideas arising from our global rates and credit specialists’ research.

In particular, we make full use of our funds’ investment flexibility, seeking to exploit six main sources of alpha: asset allocation, duration, yield curve, stock selection, sector selection and ratings selection. We believe in taking multiple positions at all times, so that no one risk dominates our funds’ strategy and performance. yield curve, stock selection, sector selection and ratings selection. We believe in taking multiple positions at all times, so that no one risk dominates our funds’ strategy and performance.