For institutional investors in the UK

Absolute Return Income

A global fixed income strategy that targets moderate return and capital preservation

Overview

ABOUT THIS STRATEGY

The strategy's absolute return objective and broad global opportunity set grant the portfolio managers flexibility to express their investment insights that are not constrained by traditional fixed income benchmarks. This flexibility transcends the breadth of the global fixed income opportunity set to include structural alpha strategies. The investment process is decidedly top-down in approach. The portfolio managers formulate their secular and opportunistic views across different countries, currencies and sectors and translate those views into portfolio exposures - yield foundation and structural alpha strategies - that represent highest conviction ideas. Those are then implemented through cash or derivative instruments. This is a global fixed income strategy that targets moderate return and capital preservation.

The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested. Past Performance is not a guide to future performance.

Targets are not guaranteed.

Glossary

INVESTMENT APPROACH

Experienced investors
The investment team focuses on managing strategies with absolute return targets that seek to provide stable and consistent performance with a low tolerance for risk. The team has managed unconstrained, absolute return portfolios through marked periods of extreme volatility and stress.

Investment flexibility across a global opportunity set
The strategy invests broadly across global fixed income markets and is not constrained by benchmark-specific guidelines. This latitude allows the team to fully express high-conviction active views and avoid areas where we see greater downside risk.

Uncorrelated sources of return
The strategy seeks to provide positive long-term returns through the combination of core fixed income securities and derivative-based structural alpha strategies. This allows access to sources of returns that are intended to be uncorrelated to traditional risk assets.

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Featured Insight

Fixed Income Perspectives

Quarterly insight from our fixed income teams to help clients navigate the risks and opportunities ahead.

PORTFOLIO MANAGEMENT

Jason England

Portfolio Manager

Industry since 1995. Joined Firm in 2017.

Daniel Siluk

Portfolio Manager

Industry since 2004. Joined Firm in 2015.