Our credit strategies capture market inefficiencies through the use of two low-correlated performance drivers:
An essential element for adding value to a credit portfolio is to determine what level of risk to run at any given moment in the market cycle. We assess the expected credit environment on a quarterly basis and change the portfolio’s credit beta accordingly. As a result, the portfolio is positioned to benefit from or weather against the anticipated stage of the market cycle.
Credit issuer selection
We use fundamental analysis to target mispriced bonds and instruments. Research is concentrated on the issuer’s business position, corporate strategy, ESG profile, corporate structure and financial profile. The focus of all sustainability analysis is on downside risk, on absolute impact and on financially material issues.
Unmoved by market sentiment and herd behavior, and instead making decisions based on research, conviction and long-term focus
Preference for higher credit quality of corporate debt issuers
A true understanding of the topic has been in our DNA since the start
Team has long-term experience and low turnover