Long Government/Credit

Actively managed long duration strategy targeting an excess return over the Bloomberg Barclays U.S. Long Government/Credit Index or similar benchmark. Strategy has historically generated its excess return in equal increments of top-down sector allocation and bottom-up subsector and security selection, with an emphasis on the credit and "spread" sectors.

Long Duration Corporate

Actively managed long duration strategy targeting an excess return over the Bloomberg Barclays U.S. Long Corporate Bond Index or similar benchmark. Strategy has historically generated the majority of its excess return from individual security selection and subsector/industry rotation.

Long Duration LDI

Actively managed long duration strategy targeting an excess return over a custom benchmark we develop that reflects client liabilities. Most portfolios are composed predominately of investment grade corporate bonds, but also include U.S. Government and Agency and structured product securities. Since the objective in each Long Duration Custom portfolio is to match the client's specific liabilities while generating some alpha, the strategy typically targets portfolio duration equal to benchmark duration to minimize tracking error.

Read benchmark descriptions.