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 what we believe to have 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 may 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.
Nothing contained herein is intended to constitute investment, legal, tax, accounting or other advice. Past performance is not an indication of future performance. Diversification does not assure a profit or protect against loss. Investment process and objectives are subject to change.