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Convertible bonds offer the potential for equity-like returns but with lower volatility, combined with the security and capital protection characteristics provided by a bond investment. An allocation to convertibles can enhance your portfolio’s risk/reward characteristics.
We take a fundamental, benchmark-agnostic approach to managing convertible bonds. Our active management style and rigorous investment process offer investors a lower-volatility strategy with compelling alpha generation potential.
Issuers of convertibles range from smaller growth companies to some of the largest, most recognisable companies in the world. Our portfolio comprises a wide spectrum of sectors and credits.
For investors, higher secular growth rates and spread pick-up in emerging countries and corporates are characteristics that can offer a compelling risk/return profile relative to developed markets.
BlueBay evaluates historical data, but places greater emphasis on forward-looking risk, which could be driven by socio-political developments, policy decisions, economic data surprises or regulatory changes.
We have invested in this asset class since 2002, and offer active long only, total return and hedge fund solutions across sovereign and corporate debt, in both hard and local currency.
Investment grade-rated debt typically represents a large portion of the institutional investor's portfolio. This is based on the belief that exposure to higher-quality issuers will result in a relatively low default risk compared to other asset classes, while providing the potential for excess returns over cash.
BlueBay is an active manager with a broad understanding of the investment grade universe in both corporate and government debt. Research-driven, fundamental analysis shapes our ideas. This allows us to construct portfolios that aim to minimise credit risk while seeking to generate compelling returns by expressing investment ideas and themes across the risk spectrum.
We offer a variety of strategies providing exposure to the global leveraged finance markets
Our research-driven, fundamental approach to security selection emphasises capital preservation with a focus on downside mitigation. In our view, the avoidance of corporate decline – and ultimately defaults – is essential to ensuring we achieve our goal of compelling, risk-adjusted returns throughout the credit cycle for our clients.
Since 2002, we have developed a broad spectrum of long-only and alternative investment strategies with varying liquidity profiles. Our expertise and long-standing track record across leveraged finance covers high yield bonds, syndicated loans, mezzanine finance, distressed debt and direct lending.
Multi-asset credit provides the ability to capture returns in attractive conditions, while seeking to provide downside protection when markets turn. We believe this strategy represents an attractive risk/return profile.
Our expertise across the fixed income spectrum and diverse investment styles means we can harness ideas across investment grade, global high yield, loans, convertible bonds and emerging markets.
The strategy is managed by the internal Asset Allocation Committee, which comprises a team of senior investment professionals. The Committee meets monthly to make asset allocation decisions, placing a high priority on capital preservation.