The Investment Grade Debt team seeks to generate consistent risk-adjusted outperformance relative to the Barclays U.S. Aggregate 1-3 Year (linked index) while exhibiting similar levels of risk. The team believes such outperformance can potentially be achieved by operating within a risk-controlled framework, employing a shorter-term investment horizon of 6-12 months, and expressing top-down views primarily via active sector allocation.
We take a top-down, bottom-up investment approach, where our 6-12 month investment outlook influences portfolio manager risk budgeting across drivers of return. Sector-dedicated research analysts are responsible for security analysis and selection. Risk management is critical throughout our process and includes multi-layered/dimensional risk limits as well as the use of various proprietary tools including stop-outs.
There can be no assurance that any investment process or strategy will achieve its investment objective.
Peter Strzalkowski, CFA
Peter Strzalkowski, CFA, serves as co-team leader of the Investment Grade Debt team and is a portfolio manager of Total Return Bond Fund, Limited-Term Bond Fund, Limited-Term Government Fund, and Intermediate Income Fund. Before joining the Firm in August 2007, Mr. Strzalkowski served as managing partner and chief investment officer of Vector Capital Management, LLC, a structured products money management firm he founded.