Our Core Fixed Income strategy seeks to achieve returns that are greater than Lehman Brothers Aggregate Index with roughly the same risk. Interest rate sensitivity is controlled to a targeted range of +/- 15% of the benchmark. This fully invested strategy (usually less than 5% cash), will hold a broad diversification of securities to control overall risk.

The Core investment process consists of monitoring yields across fixed income sectors, analyzing credit risk (quality upgrades/downgrades) for corporates/mortgages/asset-backeds and prepayment risk for mortgages/asset-backed securities. Investments are increased in those areas with the most attractive yields and spreads relative to our appraisal of risk.

Our research team performs extensive bottom-up research on companies and industries focusing on qualitative factors such as restructuring, management strength, shareholder orientation and the ability to capitalize on improving industry fundamentals.