risks.

The following risks may be materially relevant but may not always be adequately captured by the summary risk indicator and may cause additional loss: Credit risk, Operational risk and risks related to asset safekeeping and Model risk. Sustainability risks may lead to a significant deterioration in the financial profile, profitability or reputation of an underlying investment and may therefore have a significant impact on its market price or liquidity. The environmental, social, and governance (“ESG”) considerations discussed herein may affect an investment team’s decision to invest in certain companies or industries from time to time. Results may differ from portfolios that do not apply similar ESG considerations to their investment process.

Global Fixed Income Opportunities

Flexible fixed income investing to navigate market cycles


Our Global Fixed Income Opportunities strategy offers an unconstrained global strategy combining strategic and dynamic allocations to help investors better manage risk and continue to optimise diverse sources of alpha. 

Managed by a multi-disciplinary team of 11 fixed income experts, we seek compelling investment ideas across a global universe - structured to capture our diverse expertise across fixed income segments and to maximise decorrelation.

 

 

Source: LOIM Research. For illustrative purposes only. Target performance represents a portfolio construction goal. It does not represent past performance and may not be representative of actual future performance.

why an unconstrained bond portfolio?

As the chart below shows, the best-performing fixed income sub-segment each year has varied substantially over the past 15 years – which is why, in our opinion, it pays to take an active, multi-disciplinary approach to global fixed income investing. 
 

our strategy.

Global Fixed Income Opportunities is an unconstrained, total return, long-only fixed income strategy with the flexibility to pursue timely opportunities across markets, segments, and rate curves.

Our aim: to build a diversified fixed income portfolio that targets attractive risk-adjusted returns of cash +3% over the cycle. We also target a risk profile comparable to the broader fixed income market, i.e. volatility of around 3 to 4%.

A robust, disciplined and repeatable investment process is at the core of how we work, with each step. This, combined with our active, dynamic management of duration and credit positioning helps us to adjust portfolio risks, while navigating through market uncertainties.

We also integrate environmental, social and governance (ESG) factors as well as sustainability megatrends in our investment decision-making process.

In short - a flexible global best-ideas strategy embedding sustainability.
 

Capital at risk. Target performance represents a portfolio construction goal. It does not represent past performance and may not be representative of actual future performance. Incorporation of extra-financial risks into the investment decision process may result in underweighting of profitable investments from the sub-fund’s investment universe and may also lead the management of the sub-fund to underweight investments that will continue to perform. Sustainability risks may lead to a significant deterioration in the financial profile, profitability or reputation of an underlying investment and may therefore have a significant impact on its market price or liquidity.

portfolio characteristics.

why us?

investment process.

investment team.

LOcom-AuthorsAM-Zufferey.png
Yannick Zufferey, PHD
CIO Core Business

LOcom_AuthorsAM-Curt-Cognac.png
Christelle Curt-Cognac
Client Portfolio Manager

 

DM Sovereign & Linkers  EMLC, China

Nic Hoogewijs
Senior Portfolio Manager

Andre Kayisire
Portfolio Manager

Investment Grade Corporates

Ashton Parker
Portfolio Manager / Head of Credit Research

Denise Yung, CFA
Portfolio Manager / Credit Analyst

High Yield Corporates
David Perez, CFA
Portfolio Manager / Credit Analyst

Philipp Burckhardt, CFA
Portfolio Manager /
Fixed Income Analyst

 

Hard Currency EM Markets

Jerome Collet, PHD
Senior Portfolio Manager
Head of Beta Management

Raphael Kull, CFA
Portfolio Manager

 

Systematic derivatives models

Anando Maitra, CFA, PHD
Portfolio Manager /
Head of Systematic Research

Jamie Salt
Analyst

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insights.

Managing liquidity risk in Swiss bond portfolios
investment viewpoints Fixed Income
investment viewpoints Fixed Income Regional Swiss Franc bonds

Managing liquidity risk in Swiss bond portfolios

Swiss bond portfolios are always exposed to a certain amount of liquidity risk, even though the market trades daily. We outline how to adequately manage these risks.

3 years of TargetNetZero investment-grade credit
investment viewpoints TNZ Fixed Income

3 years of TargetNetZero investment-grade credit

Three years since launching our high-conviction, net-zero-focused credit strategies, we assess the progress made towards their financial and climate objectives.

Fallen angels radar: busy quarter for new entrants
investment viewpoints Institutional
investment viewpoints Institutional Fallen Angels Wholesale

Fallen angels radar: busy quarter for new entrants

Which corporate bonds were downgraded to high yield last quarter? Fallen angels radar monitors entrants to the universe and explains rating trends.

Fixed income: our medium-term playbook
investment viewpoints Asset Management
investment viewpoints Asset Management Fixed Income GFIO Investment strategies DC DB Banks Wholesale Official institutions Third party asset managers Geronne Independants Institutional Consultants Insurance Fund of funds Endowments

Fixed income: our medium-term playbook

In the Q2 issue of Alphorum, we focus on duration and spread opportunities in anticipation of the rate-cutting cycle and debt maturity wall ahead.

Why the unexpected Swiss interest-rate cut?
investment viewpoints Institutional
investment viewpoints Institutional Wholesale Fixed Income Swiss Franc bonds

Why the unexpected Swiss interest-rate cut?

The Swiss National Bank surprised with an interest rate cut at its March meeting. What drove monetary policy and how does it impact fixed income investors?

Swiss bonds: how important are credit ratings?
investment viewpoints Institutional
investment viewpoints Institutional Wholesale Fixed Income Swiss Franc bonds

Swiss bonds: how important are credit ratings?

Credit ratings are an important indicator, but they are just one piece of the puzzle for bond investors. We explain the shortcomings and why investment decisions should not be based on ratings alone. 

important information.

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