Fixed income

A globally oriented service for a globally integrated world

From traditional to alternative – whatever your risk profile is, our fixed income range is designed to offer you a broad spectrum of capabilities even under the most challenging market conditions. By utilizing a range of investment vehicles and benchmarks, we can tailor our offering to meet your needs.

Delivering the best of our capabilities to you

A truly integrated fixed income capability, offering deep expertise across a broad range of assets and markets, combined with strong risk management and delivery via products across the full credit and maturity spectrum.

Fixed income solutions include:

  • Money market and short duration
  • Global and regional
  • Extended sector
  • Unconstrained

They encompass fixed income strategies:

  • Single-sector strategies such as government and corporate bond portfolios
  • Multi-sector strategies, including core and core plus bond
  • Extended sector strategies which cover high yield and emerging market debt
  • Opportunistic fixed income and currency strategies

Bringing our expertise to you

Globally integrated resources

With a dedicated team of 160 investment professionals located across the globe and trading desks in Chicago, London, New York, Singapore, Sydney and Zurich we connect global expertise with deep local knowledge to align alpha opportunities and risk exposure.

Unique Insights

Our uniquely structured global credit research process offers you the best of our thinking from teams around the world. Our capability includes more than 25 credit analysts. We take a globally integrated approach, leveraging the links between credit and equity research.

Our research

Disciplined investment process

In our view, combining a top down and bottom up dynamic approach to exploit diversified sources of alpha is key to delivering consistent performance over time. Given our size we are nimble enough to add value via security selection, while still enjoying the ability to seek optimal execution in the markets.

Our investment approach

Finding the answers you need – our investment approach

Our fixed income investment philosophy centers around three principal tenets:

Robust research process

  • To meet the demands of a globally integrated world, our robust research process connects our global overview with the insight of regional specialists.

Diversification of alpha sources

  • We diversify by time horizon, and by exploiting the full opportunity set: credit beta, credit sector, choice of security, duration, yield curve, and country allocation.
  • Further diversification comes from using a blend of judgement and models, combiningtop down macro inputswithbottom up security selection, as we seek to generate consistency of credit alpha.

Risk control

  • Risk control is an integral part of the fixed income investment process. It is not simply an adjunct.