Featured Fixed Income Approach
Global Total Return
Global Total Return is a scalable approach designed to meet client-specified risk and return objectives. It seeks to generate excess returns over a cash benchmark using diversified alpha sources, specialization, and integrated risk management.
What Is the Investment Approach?
Global Total Return is a team-based approach that aims to generate consistent
excess returns through an allocation to multiple fixed income alpha sources,
including a fundamentally based macro, a model-based quantitative, and a bottom-up
credit alpha source, among others. Each alpha source is managed by a specialized portfolio manager or team of portfolio managers, and is implemented across the broad global fixed income and currency markets. Global Total Return portfolios are diversified across investment styles market sectors, investment themes, strategies, and time horizons, which ensures that portfolios are not dependent upon any single source to drive returns and may lead to more consistent risk-adjusted returns in a wide variety of market environments.
What Is the Investment Process?
The Global Total Return investment process seeks to identify a diversified set of independent investment ideas, to efficiently allocate capital to those investment ideas, and to transparently manage portfolio risk. This process can be broken down into three essential components: idea generation, risk allocation, and risk monitoring.
