The investment team believes consistent outperformance can be achieved by actively budgeting risks sourced primarily from the various sectors and subsectors of the investment grade corporate bond market and intensely managing downside risk by employing rigorous risk management throughout the investment process.
The investment team develops a 6 to 12 month outlook that guides “top-down” portfolio manager-driven sector and subsector risk budgeting decisions. This is complemented by analyst-driven “bottom-up” fundamental research and security selection. Overlays are then executed to ensure the portfolio only exudes the risks the team intends to take and neutralizes those that are unintended.
Team Level Monitoring
- Multi-layered and multi-dimensional risk limits
- Quantitative stress testing
- Employment of stop outs
Firm Level Monitoring
- Comprehensive portfolio review with investment team and senior management
- Individual security holdings across the entire firm