An absolute-return, long-only, multi-sector credit strategy that seeks to provide high yield income and capital appreciation through tactical portfolio management in global corporate bonds and bank loans, with attractive risk/reward characteristics.
The strategy has the flexibility to dynamically allocate to positive return sectors over the course of a full credit cycle. The portfolio managers may use duration management and sector rotation in order to seek absolute return.
A tactical approach to corporate credit can deliver investors more attractive risk-adjusted returns over time in comparison to a single fixed income asset class. The strategy has the benefit of “going anywhere” within the credit markets to identify bonds offering attractive relative value and risk-adjusted return potential without the constraints of a defined indicative market.