Active And Strategic Fixed Income Team – Relative Value Long Term

Investment approach

This actively managed strategy invests in physical and synthetic fixed income securities to take advantage of market anomalies on the various yield curves in North America while keeping a constant focus on long term capital preservation. The portfolio of physical securities generates a yield to maturity superior to its benchmark through a systematic bias on the yield curve dispersion and an overweight positioning in high quality credits. The portfolio of synthetic securities consists of several duration neutral strategies with a short-to-medium term horizon showing low correlation. The portfolio is built using a bottom‑up approach based on four types of analysis with a strong emphasis on risk management

Key Characteristics

  • Superior valued added objective compared to traditional mandates
  • Multiples sources of alpha aligned with the value added objective
  • Consistency and robustness of returns regardless of economic, political and financial environments
  • High quality portfolio and conservative approach to Corporate bonds
  • Disciplined investment process focused on rigorous and on-going risk management