Fixed interest

Our analysts cover the full spectrum of fixed interest securities, both global and domestic.

In Australia we are one of the largest fixed interest managers covering fixed interest both traditional and beyond, including corporate and sovereign bonds, private debt, cash and currency management. Our investment philosophy is based on the belief that fixed interest markets are not perfectly efficient, which provides opportunities to add value. We add value through a number of strategies including:

• rare access to private debt
• credit analysis
• duration management
• yield curve positioning and
• arbitrage

In international fixed interest we partner with overseas specialists, leveraging a mix of core and specialist skills (namely sovereign bonds, corporate bonds and securitised debt).

We also offer a centralised treasury operation through a separate special purpose securitisation company called Quay 62. As a company that markets large investments in commercial paper, we understand what makes these securities attractive to investors. Our commercial paper program has been developed with the level of quality and independence investors are looking for.