We have long-standing processes for investing in investment grade sectors that have served our clients over many business and credit cycles.
Corporate Credit Process
Our corporate credit process identifies the credits for our clients' portfolios, focusing on:
- A targeted universe
- Industry relative strength
- Business risk analysis
- Financial risk assessment
- Proprietary debt ratings
- Investment thesis
- Capital structure analysis
- Target spread and sell discipline
Securitized Sector Process
We employ a model-aware/reality-focused approach to the various sectors of the mortgage-backed universe that has served as a positive contributor to alpha over time. We focus on:
- Fundamental analysis
- Technical analysis
- Regulatory/legislative risk
- Bottom line
- Active risk
Fixed income experience and singular focus, discipline, independence and agility position Seix Investment Advisors to capture upside potential while limiting downside risk.
Investment Risk Management
Prudent risk management is paramount to our Investment Grade process. We employ a strict portfolio construction methodology, sell discipline and trading strategy to mitigate risk. We actively manage our Investment Grade strategies, tailoring to clients' objectives. Allocation decisions are a collaborative effort between our Senior Portfolio Managers and our CIO, who is responsible for the overall allocation decision.
Our Investment Grade Strategies
Core Investment Grade
Seix manages Core Investment Grade portfolios against all major benchmarks across the entire duration spectrum.
More aggressive than the Core Investment Grade mandate, Core Plus portfolios may invest across all major sectors of the bond market, subject to client guidelines. The menu of Plus sectors available to clients includes High Yield Bonds, Leveraged Loans, Emerging Market Debt and Non-U.S. Dollar securities.
Capitalizing on our credit research capabilities, our Corporate only portfolios provide focused exposure to investment grade credit. This strategy can be combined with our High Yield capability to create a full market credit portfolio.
Portfolios are managed against a range of Intermediate duration benchmarks and can include or exclude Plus sectors.
Our short duration management style is designed to maximize income and preserve principal. This strategy combines the high quality nature of mortgages, agencies and Treasuries with short maturity corporates.
Our experience across all major sectors of the bond market allows Seix to manage specialized portfolios in order to meet specific client needs. Examples include: Long Duration, TIPS, MBS, ABS and Absolute Return strategies.
Chief Investment Officer, Chairman, Senior Portfolio Manager
Managing Director, Senior Portfolio Manager - U.S. Government/Securitized
Managing Director, Senior Portfolio Manager - Securitized Assets
Seth Antiles, Ph.D.
Managing Director, Senior Portfolio Manager - EMD & Non-Dollar
Portfolio Manager for Credit, Head of Investment Grade Corporate Bond Trading
Portfolio Manager for Credit, Head of Investment Grade Credit Research