Fundamentals Key to Pursuit of Optimal Portfolio
We believe that actively managing fixed income portfolios using robust quantitative analysis and qualitative insights can provide superior risk-adjusted returns across a broad range of market environments. The objective of our disciplined management process is to build a portfolio we expect will exceed benchmark returns over a range of market conditions without the assumption of undue risk. To pursue this goal, we focus on the fundamental elements that create value in fixed income portfolios: duration, sector allocation, yield curve management and security selection.
While the Horizon Analysis Model suggests the optimal portfolio duration, yield curve and sector structure, the security selection process incorporates bottom-up fundamental analysis to evaluate issuers and determine what we believe is the best relative value within each sector.