About the team

The Core Plus investment teams are located in several key offices across the globe – London, Philadelphia, Singapore and Sydney. We believe that the structure and accountability of our fixed income research function and the strong lines of communication within it give us a distinct advantage in processing information.

We believe that the opportunities within fixed income markets demand significant resources and with over 100 fixed income investment professionals we have one of the industry’s largest fixed income groups. Our fixed income structure comprises five independent investment research teams who are charged with generating investment ideas and outperformance in their area of specialisation, with their investment universes being as unconstrained as possible. We believe that our clear and accountable structure and the strong lines of communication within it give us an advantage in processing information.

These teams are:

• global interest rates for country allocations, duration and yield curve positions in global interest rate markets (long short relative value and directional views) ;
• investment grade credit for issue selection within the investment grade non-government bond universe (cash investment long only and CDS long/short overlay);
• currency for long/ short exchange rate positions in global foreign exchange markets;
• high yield for cash investments in the global high yield markets;
• emerging market debt for long/ short exposure in global emerging markets;

Each team is small and dynamic, with focused decision making, clear ownership and accountability. Each team operates independently with its own investment process, designed to maximise the added value in its market segment. This ensures that the value added for each team is independent of the others and that there is real diversification of positions, which should smooth the return profile over time and increase the outperformance potential for a given risk budget.