Investment philosophy and style
We are a value-based manager of fixed interest and credit portfolios, with a longer term time horizon. Our goal is to deliver superior returns by making investment decisions that seek to maximise the income earnings of our portfolios over time, appropriately balancing return prospects against investments risks.
Fixed interest is a simple asset class, though it exists in a complex financial world. The simplicity of fixed interest is that returns ultimately derive only from interest payments. Therefore our overriding goal is to maximise income. Doing so requires taking investment risks. Although fixed interest is typically a ‘defensive’ asset class, this does not mean risk is to be avoided, but rather measured, managed and exploited in order to deliver superior returns for investors.
The complexity of the global markets means that there are times when attractive interest returns are on offer and times when interest rates do not represent an attractive investment. Robust investment processes are required in order to take advantage of the opportunities that markets provide. Put simply, this is what CFSGAM’s active philosophy is all about - we seek Value for Risk in the global fixed interest and credit markets.
