Sat, Nov 18, 2017
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. Middle East - Saudi-Iran war would create this domino effect of global disaster, Saudi billionaires said to move funds from region to escape asset freeze[more]

    Saudi-Iran war would create this domino effect of global disaster From CNBC.com: Events appear to be spinning out of control in the Middle East, and the threat a Saudi-Iranian war is looking increasingly credible. Make no mistake, an out and out conflict between the two nations would be

  2. Paradise Papers - Robert Mercer's effort to avoid taxes appears in Paradise Papers, Tycoon made $41m from 'people's fund', Oxford and Cambridge 'investing millions of pounds offshore', Paradise Papers reveal[more]

    Robert Mercer's effort to avoid taxes appears in Paradise Papers From Therealnews.com: The Guardian has reported that conservative billionaire and Trump backer Robert Mercer "appears as a director of eight Bermuda companies in the Paradise Papers," the trove of documents reviewed by the

  3. Wall Street hedge fund veteran hits highs with copycat tactics[more]

    From FNLondon.com: A Wall Street veteran who has made big returns for wealthy clients by piggybacking on the strategies of well-known hedge funds is taking his novel approach to stock-picking to institutional clients. Dixon Boardman, chief executive of $2.5bn fund of hedge funds Optima Fund Ma

  4. Launches - Eaton Vance, Oaktree to launch diversified credit NextShares fund, FIM launches Nordic AI-powered fund[more]

    Eaton Vance, Oaktree to launch diversified credit NextShares fund Eaton Vance Management, a subsidiary of Eaton Vance Corp., announced the expected mid-November launch of Eaton Vance Oaktree Diversified Credit NextShares, a new Eaton Vance-sponsored exchange-traded managed fund. Eaton Va

  5. Outlook - Gundlach's stock market warning comes true[more]

    From Bloomberg.com: Jeffrey Gundlach has been warning something's got to give. Based on the past two days, looks like we have our answer. Stocks fell around the world a second day and high-yield bonds headed for a fourth straight loss, resuming a historic correlation that the hedge fund manager on W