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Our team has been investing in securitised products and asset-based finance since the inception of the asset class.
Through a combination of proprietary top-down macroeconomic analysis and bottom-up insights we identify compelling investment opportunities across the spectrum of mortgage-backed securities (commercial and residential), asset-backed securities and asset-related private debt. We invest on a global basis and across the capital structure, according to our clients’ risk appetite, and always cognisant of evolving market conditions.
We make extensive use of data and proprietary analysis to identify opportunities for excess returns, particularly in complex markets or those where there are inefficiencies resulting from regulatory or structural change.
We have developed proprietary systems over several economic cycles to enable us to identify and compare our best investment ideas among cashflows with similar risk profiles. These systems include custom datasets, financial models, and portfolio construction tools.
We invest heavily in publicly-available and proprietary data to provide a framework for helping us analyse securities and loans, accumulating an extensive historical dataset which allows us to identify patterns and inform future decisions.
Our approach enables us to be flexible and opportunistic, reacting to changing market environments.
ESG factors are central to the team’s research to ensure a thorough review of governance, fair lending, loan health for consumers, and a consideration of other key factors, such as location with respect to climate and well-being. The evaluation of ESG factors complements the assessment of the quality of the collateral and the sustainability of the cashflows.
With a team of over 400 employees working across 19 offices around the world, we deploy capital as a force for good, building positive change. We value diversity and see it as a source of creativity and a way to get to better investment decisions, along with creating an engaging work environment.
Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. All investments involve risks including the risk of possible loss of principal.