Sun, May 27, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Global bond opportunities remain despite low yield environment

Friday, September 21, 2012

amb
Stephen Smith
Bailey McCann, Opalesque New York:

Bond opportunities are still available on the global market despite moves by central banks to keep interest rates low, according to Stephen Smith, Managing Director, Brandywine Global Investment Management. Smith offered his comments following a fixed income panel at an event held by American Beacon Advisors, in New York this week.

Smith’s approach to finding these bond opportunities is to examine the business cycles dominating the US markets and extrapolate them out to markets around the world. By identifying patterns of behavior, Smith and his team have been able to find investable bond offerings in both developed and developing markets. At Brandywine, Smith is the co-lead portfolio manager for the firm’s global fixed income and related strategies. In addition to his work at Brandywine, Smith is a sub-advisor for the American Beacon Flexible Bond Fund along with GAM International Management and Pacific Investment Management Company (PIMCO).

The fund allocates to a variety of bond opportunities in order to achieve positive total return regardless of market conditions over a full market cycle – and will invest in fixed income instruments without restrictions on their credit quality. Currently the fund is invested in long/short credit, currencies and yield curve opportunities.

"With this fund, we can be long bonds in markets we like and short bonds in markets we don’t," Smith explains in an interview with Opalesq......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  2. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  3. Third Point to raise $400 million for SPAC, Farley to run it[more]

    From Reuters.com: Daniel Loeb's hedge fund Third Point LLC plans to raise $400 million for a "blank check" company which will be run by outgoing stock market operator NYSE Group President Thomas Farley, according to a regulatory filing made on Tuesday. The new company, referred to on Wall Stre

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven