Material component of portfolio to consist of
Barbell approach to reflect percentage of portfolio requiring instantaneous liquidity
Outperformance of benchmark should not be primarily derived by taking credit risk
Utilize government securities portfolio to access repurchase market, a deep and liquid secured borrowing market for institutional investors
Risk and liquidity management
Evaluate options and make recommendation for accessing liquidity as needed, in context of:
Liquidity raised in various market environments and for different purposes:
Crossover fixed income management for taxable investors seeks to:
FPCM approach to managing crossover portfolios
Generate alpha through opportunistic trading across fixed income markets
Dual mandate to maximize returns while reducing amount of risk in portfolio
Exploit relative value opportunities through expertise in rates, volatility, mortgage, corporate credit, municipal, structured credit and ABS markets
FPCM manages customized fixed income strategies for our clients across various market sectors
First step for FPCM is to consult with client to understand:
Key value contribution of FPCM is appropriate guideline construction
Finding and monetizing value
FPCM will work with its client to assess and manage those risks that arise due to mismatches between the asset and liability sides of the balance sheet
FPCM will provide ongoing advisory