Rethinking Fixed Income

In rethinking fixed income, we are helping investors optimize their use of fixed income by stepping back and examining the full spectrum of investment possibilities, based on their needs and constraints, to tailor a strategy most suited to their goals. We start by identifying and parsing the risks that will best meet their needs; then we draw upon the toolkit of available securities and investment techniques to construct a customized portfolio.

Rethinking fixed income means:

Taking a creative approach to fixed income management—one that fully exploits the wealth of possible investment vehicles, approaches and market inefficiencies within the client's investment parameters.

Taking an approach to active management that is explicit about parsing risks; that estimates the impact of active bets; that exploits relationships within the broader fixed income asset class (through such techniques as overlays); and that utilizes multiple sources of risk through a budgeting process.

Reexamining benchmarks to identify the one most aligned to the client's purpose, rather than arbitrarily accepting conventional benchmarks, which often have little bearing on the investor's investment goals.

Fitting the investment strategy to the investor, not vice versa.