Multi-Sector Allocation Investment Process

  • Define client mandate, gaining understanding of return objectives and investment guidelines
  • Establish benchmark and incorporate guidelines into allocation process
  • Create strategic portfolio
  • Develop long-term projections for returns, volatilities and correlations
  • Discuss medium and long-term outlook and define investment framework based on results of Investment Policy meeting
  • Determine yield curve positioning, duration decisions, and expected sector returns/volatilities
  • Determine tactical sector allocations
  • Incorporate credit outlook, fundamental analysis, interest rate outlook and political outlook
  • Coordinate viewpoint of sector specialists across investment grade, high yield, non-U.S. dollar/currencies and emerging markets debt
  • Monitor the underlying portfolios in accordance with firm-wide risk and attribution systems
  • Review vis a vis client investment guidelines