Government/Credit
Our U.S. Government/Credit strategy emphasizes active management utilizing yield curve management and security selection. This approach is designed to capture the bulk of the excess returns available in the market, while minimizing the variability of those returns.
In addition to these techniques, we actively manage portfolios to accent yield while being neutral in duration in an intermediate, high credit quality setting. We believe this emphasis on yield will dominate returns through time while risk is minimized through neutral duration management.
To learn more about neutral duration fixed income management, please read the Q&A with our fixed income team.
Key features of the U.S. Government/Credit Fixed Income strategy:
- 50-70 investment grade fixed income securities
- Adjusted duration in line with the Lehman Government/Credit index
- AAA average credit quality
- Higher yield (typically) to maturity than the Lehman Government/Credit index
Two major tenants guide our U.S. Government/Credit investment philosophy:
- Neutral duration strategy
- Security selection made according to relative value opportunities within the U.S. Government and agency markets
View detailed Government/Credit portfolio characteristics (PDF)
The information contained herein should not be construed as a recommendation to purchase or sell any particular security or investment vehicle offered by Mesirow Financial. The information included has been obtained form sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. Any opinions expressed are subject to change without notice. A complete list of composites can be made available upon request. Information is provided in U.S. dollar denominations. Investment management services offered by Mesirow Financial Investment Management, Inc., an SEC-registered investment advisor.
