Investment Management - New York, New York, United States
Credit is where we prefer to invest in the capital structure – it is less volatile than rates, more predictable than equities, and can offer portfolios stable income. We've focused our research efforts on understanding the drawdowns of the credit cycle to make sure that our clients are receiving credit investing's strengths, and not its weaknesses. Our systematic asset allocation model is central to delivering our investment philosophy. The model identifies when credit-risky assets are inexpensive and relatively safe to own. It also recognizes when the credit cycle is mature, making credit-risky assets expensive. It looks to exit credit entirely during the expensive times, seeking shelter from volatility in safe-havens. We call this systematic process of credit cycle driven asset allocation, Asset Agility ™.We enhance Asset Agility™ with customized investments in US structured credit, leveraging both our expertise and structured credit's low-beta, idiosyncratic returns to improve the overall performance of our portfolios.
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