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Our capabilities are driven by six specialized teams that span the global fixed income capital markets. Each specialized team has the autonomy to implement its own approach while centralized resources allow them to focus on driving investment excellence.

Leadership

Broad Markets Fixed Income

Broad Markets Fixed Income

Our team provides exposure to what we consider the best ideas in fixed income. Leveraging the expertise of our specialized teams, we use a team-based, rigorous and disciplined process that seeks out superior and repeatable results.

Emerging Market Debt

With our 40-year history of managing emerging markets debt, we have a unique perspective on managing risk for our clients. Our focus on utilizing the full investment universe, concentrating our research on countries and companies exhibiting structural changes, and our world-class dedicated trading and operations team differentiates us from other managers and drives our superior performance.

Floating-Rate Loans Team

As a pioneer in the floating-rate corporate loan market, our team has a demonstrable track record since 1989. We invest in U.S. and European senior loans and CLO debt tranches, with all our investment strategies underpinned by a robust fundamental research platform and the consistent and systematic application of our risk-focused investment process.

High Yield Team

Our team has a demonstrable track record of managing high yield assets through multiple market cycles and events, dating back to 1982. Dedicated to the high yield asset class, all strategies apply a consistent, research-driven approach that focuses on the long term and is predicated upon maximizing risk-adjusted performance and managing downside risk.

Morgage & Securitized Team

Our experienced, well-resourced team has been managing mortgage and securitized portfolios dating back to 1984. We invest across the global securitized market landscape with actively managed strategies spanning the duration and credit spectrum, and our investment process seeks to identify and exploit market inefficiencies through deep collateral analysis and rigorous security selection.

Municipals Team

Our team is a leader in municipal bond management, with significant market presence, among the largest and deepest municipal investment teams in the country, and broad selection of municipal strategies. We have a consistent, proven research approach that draws on decades of market experience to manage risk via a proprietary bottom-up process. 

Team information may change from time to time.

There are important There is no assurance that a portfolio will achieve its investment objective. Portfolios are subject to market risk, which is the possibility that the market value of securities owned by the portfolio will decline. Accordingly, you can lose money investing in this strategy. Please be aware that this strategy may be subject to certain additional risks. 

Please refer to the strategy detail page for important information on the strategy, including additional risk considerations. There are important differences in how the strategy is carried out in each of the investment vehicles.