Teams
FAIT Accompli? Fiscal Policy and Inflation Are Reshaping the Monetary Policy Outlook August 20, 2021August 20, 2021
Global Credit Team
Bank Loans
Objective
Bank Loans seeks to outperform the benchmark by eliminating uncompensated risk from investments in bank loans, sometimes referred to as leveraged loans or bank debt. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in bank loans of below investment grade issuers.
Global High Yield
Objective
Global High Yield seeks to outperform the benchmark by eliminating uncompensated risk from investments in below investment grade securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities using an integrated top down and bottom up approach to management.
High Yield Active Core
Objective
High Yield Active Core seeks to outperform the benchmark by eliminating uncompensated risk from investments in below investment grade securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities using an integrated top down and bottom up approach to management.
Investment Grade Credit
Objective
Investment Grade Credit seeks to outperform the benchmark by eliminating or reducing uncompensated risk from investments in corporate credit securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in the universe of securities represented by the Barclays Credit Index.
Short Duration High Yield
Objective
Short Duration High Yield seeks to provide an attractive risk adjusted return through eliminating uncompensated risk with investments in below investment grade
securities. The strategy strives to achieve an information ratio of greater than 1.
Investment Universe
Typically invests in below investment grade securities and can also use cash and derivatives to lower the duration of the portfolio, pursuant to client guidelines.
European Collateralized Loan Obligations (CLOs)
Objective
Euro CLO portfolios seek to generate above market spread and below market risk measured by weighted average rating factor (WARF) and exhibit resilience during periods of volatility. Focus is on capital preservation and distributions.
Investment Universe
Securitizations of diversified portfolios of high yielding secured, corporate loans. Typically invests in asset-rich companies in stable industries with good operating margins and producing strong free cash flow.
US Collateralized Loan Obligations (CLOs)
Objective
US CLOs seek to provide investors with superior risk-adjusted returns via active portfolio management and trading with a focus on capital preservation and distributions.
Investment Universe
Securitizations of diversified portfolios of high yielding secured, corporate loans. Typically invests in asset-rich companies in stable industries with good operating margins and producing strong free cash flow.
