Investment Grade Credit
At Standish, we believe success in managing corporate bonds requires both a strong defense against the negative return/risk asymmetry of individual credits and a strong offense focused on the market's least efficient quality tiers. Our team of experienced credit analysts apply proprietary 'ratings and trend' metrics to distinguish between deteriorating and stable- to-improving credits. We believe a chief source of excess return within the credit markets is the ability to identify, avoid and/or sell potential problem credits, whose effects can be further minimized by broad portfolio diversification and our strict sell discipline.
Click on the tabs below to learn more about the products offered by Standish.
US Investment Grade Corporate
- Seeks to outperform the index, over a full market cycle, on an absolute and risk-adjusted basis.
- Seeks consistent outperformance in both rising and falling interest rate and credit environments.
Product Facts
| Allowable investments | Corporate bonds, Yankee, sovereign, supranational, foreign agency, foreign local government, asset-backed, convertible bonds, preferred stocks, bank loans, and money market instruments. |
| Portfolio benchmark | Barclays US Corporate Index |
| Credit spread duration range | Index +/- 15% |
| Average number of portfolio holdings | 125-175 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com
US Investment Grade Corporate - Intermediate Duration
- Seeks to outperform the index, over a full market cycle, on an absolute and risk-adjusted basis.
- Seeks consistent outperformance in both rising and falling interest rate and credit environments.
Product Facts
| Allowable investments | Corporate bonds, Yankee, sovereign, supranational, foreign agency, foreign local government, asset-backed, convertible bonds, preferred stocks, bank loans, and money market instruments |
| Portfolio benchmark | Barclays Intermediate US Corporate Index |
| Credit spread duration range | Index +/- 15% |
| Average number of portfolio holdings | 125-175 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com
US Long Duration Corporate
- Seeks to outperform the index, over a full market cycle, on an absolute and risk-adjusted basis.
- Seeks consistent outperformance in both rising and falling interest rate and credit environments.
Product Facts
| Allowable investments | Corporate bonds, Yankee, sovereign, supranational, foreign agency, foreign local government, asset-backed, convertible bonds, preferred stocks, bank loans, and money market instruments |
| Portfolio benchmark | Barclays Long US Corporate Index |
| Credit spread duration range | Index +/- 15% |
| Average number of portfolio holdings | 125-175 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com
All Credit Corporate - AAA-CCC
- Seeks to outperform the index, over a full market cycle, on an absolute and risk-adjusted basis.
- Seeks consistent outperformance in both rising and falling interest rate and credit environments.
Product Facts
| Allowable investments | Corporate bonds, Yankees, sovereigns, supranationals, foreign agencies, foreign local governments, asset-backeds, convertible bonds, preferred stocks, bank loans & money market instruments |
| Portfolio benchmark | 70% Barclays US Corporate Index + 30% Merrill Lynch High Yield Master II Constrained Index |
| Credit spread duration range | Index +/- 15% |
| Average number of portfolio holdings | 125-175 |
| Minimum separate account size | $25 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com
European Investment Grade Corporate
- Seeks to outperform the index, over a full market cycle, on an absolute and risk-adjusted basis.
- Seeks consistent outperformance in both rising and falling interest rate and credit environments.
Product Facts
| Allowable investments | Corporates, Yankees, sovereigns, supranationals, foreign agencies, foreign local governments, asset-backeds, convertible bonds, preferred stocks, bank loans & money market instruments |
| Portfolio benchmark | Merrill Lynch Euro Corporate Index - € Hedged |
| Credit spread duration range | Index +/- 15% |
| Average number of portfolio holdings | 125-175 |
| Minimum separate account size | $25 million *, €15 million * |
* Flexible to meet client guidelines and objectives.
For more information on any Active Fixed Income product, please contact Eric Pflaum at epflaum@standish.com