We look to add value to our client’s fixed income portfolios in a risk controlled manner.
Within this high quality universe of bonds, we emphasize investments that offer the greatest potential income streams. This higher level of coupon income is a very reliable component of overall portfolio returns. However, given the unpredictable nature of bond prices, we control the level of interest rate risk relative to a portfolio’s benchmark, as we have learned that it is extremely difficult to consistently forecast the market’s direction and associated price movements. As our long-term results reflect, the ultimate objective is to generate better-than-market returns with below-market risk exposures.
Other hallmarks of our approach include: