Investment Strategies > Taxable Cash Management and Short Duration

Taxable Cash Management and Short Duration

Highly customized, actively managed strategies that seek to produce consistent, solid returns using a conservative, consistently applied, risk-managed approach

Seeks to add long-term value via sector rotation, security selection and duration management
Highly diversified portfolios constructed to maximize yield, while minimizing the impact of any single credit event
Investment insights applied through a risk-controlled framework

Ashok Bhatia, CFA

Senior Portfolio Manager

David M. Brown, CFA

Senior Portfolio Manager and Global Co-Head of Investment Grade

Michael Foster

Senior Portfolio Manager

Matthew McGinnis

Portfolio Manager

Overview

Investment Philosophy

Three questions drive our investing framework, enabling us to exploit mispricing opportunities with conviction

What is the market's expectation? - market's risk/reward tradeoff as expressed in asset's price
Where do we have investment insight? - our differentiated view and the implications for the asset's price
How confident are we on our views? - our conviction level

Investment Process

Investments are primarily selected by measuring sensitivity and correlation to changes in long-term inflation expectations

1. Sector Research & Valuation

We use insights gained from proprietary fundamental and quantitative research to uncover, analyze and seek to capitalize on market opportunities.

2. Portfolio Strategy and Risk Budgeting

Internally generated expected return forecasts of asset classes lead directly to developing strategy and risk budgets.

3. Issue Selection

Proprietary analytical tools complement our ability to identify, select and monitor portfolio positions.

4. Risk Management

Risk control is fully integrated into every step of our investment process. We utilize a proprietary risk management framework in building and managing the risk budget of our portfolio.