We take risk management seriously and the return profiles of our strategies are tightly anchored to defined capital protection frameworks. Expert teams within each of our Active Fixed Income & Credit strategies benefit from the broader resources and knowledge in SYZ Asset Management. In addition to instrument selection, our expert teams make use of active duration, yield curve positioning and macro views to both generate performance and manage risk.
Our Expertise
Dynamic
Aggregate Bonds
Our approach to managing this strategy is active and flexible. Active in that the investment team will shift allocations, adjust duration and manage yield curve positioning based on prevailing market and relative value opportunities as well as in-line with the top-down views defined by our Investment Strategy Group. Flexible in that the strategy is not managed relative to a benchmark and consequently can express investment views and manage risk in an unconstrained manner. The strategy targets capital appreciation by investing on a high-conviction basis both in terms of positioning and underlying instruments.
Broad
Credit
“We manage top-down driven high-conviction portfolios; as a consequence, we only invest in large and liquid instruments as we see liquidity risk as a poor source for generating alpha”
A disciplined and rigorous valuation approach is in our view a key success driver when investing in credit instruments. Supported by a well-defined macro framework, where relevant, to identify attractive sector or other thematic opportunities, the strategies seek to build high-conviction, yet diversified portfolios of mispriced and misunderstood instruments. In-house credit analysis is combined with a relative value assessment to find instruments that have attractive profiles, which also adhere to our strict liquidity requirements. In these strategies, we avoid the crowds to discover contrarian opportunities with clear value catalysts.
Changes in regulatory requirements that impact the refinancing needs of financial institutions have created new opportunities in areas like subordinated debt
Swiss
Bonds
Our Swiss franc denominated government and corporate bonds strategies are designed to deliver attractive returns from instruments only denominated in the single currency. Our offer stands apart from peers on account of an approach that manages duration and issuer quality risks in order to achieve an optimal balance of risk and return to maximize performance potential.
