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

From a globally integrated investment platform, our Fixed Income teams are able to offer a diverse product spectrum to meet the unique individual needs of clients from around the world. Our fixed income capabilities go beyond the 'core' government and corporate bond sectors and extend to other sectors such as high yield and emerging market debt as well as unconstrained and currency strategies. We combine these capabilities to create country, regional and global strategies and customized solutions with a wide range of benchmarks that are available through a variety of investment vehicles to retail and institutional clients worldwide.

Our expertise

Track record

We are a leading fixed income provider, managing more than USD 279 billion globally as of September 2021.

Globally integrated resources

With a dedicated team of 100+ fixed income 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 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, combining top down macro inputs with bottom 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.

Investment strategies

Global/US

Other

If you would like further information please get in touch.

Fixed income strategies are primarily subject to all the investment risks associated with bonds and other fixed income securities. Bonds are subject to interest rate and credit risk. Strategies that invest in high yield bonds are subject to greater volatility and potential loss of principal. Strategies that invest in foreign and emerging market bonds are subject to special risks that are not normally associated with domestic investment, including possible adverse currency fluctuations and political, social and economic risks. There can be no assurance that any strategy will achieve its objective.