Investment approach – Cash and fixed income

Investment philosophy

Active

We actively trade the portfolio to benefit from relative value across the credit landscape, within the capital structure and along the credit curve. We believe active trading enables us to deliver excess returns while better controlling risk. 

Risk aware

The key risk in credit investing is the likelihood of default. We believe that the risk/return trade off is superior in highly-rated, transparent securities. We focus our research on assessing the risk than an investment will not perform well and we hold highly diversified portfolios. We are also likely to perform better than our peers in periods of stress. 

Disciplined

We believe in a disciplined approach to managing money. We have successfully applied the same investment approach for over ten years, rigidly adhering to our credit scoring process, relative value assessment, quality filters and sell discipline.