Investment outlook & fair value analysis
We conduct macroeconomic and market research to determine the investment outlook and establish the fair value of the broad interest rate, credit and currency markets.
We combine fundamental, valuation and technical analyses of relevant markets to determine the portfolios’ country/ sector allocation, duration and yield curve strategy, as well as currency positioning.
Combining both top-down and bottom-up analysis, we construct portfolios that reflect the team’s duration/yield curve, sector, credit and currency risk preferences within the permitted risk parameters.
Risk control & Review
We review portfolio risk exposures on an ongoing basis, with portfolio actions discussed with the broader investment team on a regular basis.