Fixed Income

Fixed Income

image of orchestra conductorManaging over £52.6 billion/€66.4 billion of fixed income assets, including cash, makes us one of the largest players in London.  That is both in gilts, where we handle over 6% of the UK government’s debt, and in corporate bonds. Our Boston-based credit team provides us with insight and expertise with US issuers and in the global market. Its integration with our London operation is vital to our ability to deliver solutions across the world’s time zones.

But what sets Morley apart is not simply financial strength and professional competence. It’s our ability to understand the mood of the market and to capitalise on that understanding to meet clients’ aims. A rigorous analytical approach underlies everything we do.

Our analysts are recognised in the financial community as leaders in their field. Their close collaboration with the rest of our specialists provides insight into the business and financial risks of all the corporates we invest in.

Our success isn’t based solely on experience and diligence. Innovative products like one of the first SRI bond funds, high alpha products, absolute return and hedge funds, demonstrate our originality and flair.

Because market inefficiencies can be highly volatile, taking too few positions will result in unreliable returns. To counter this we:

  • allocate the risk budget to a diversified basket with potential sources of added value
  • adopt a research approach that acknowledges that different factors drive markets at different times
  • combine a robust core-process based on quantitative models with individual flair
  • make appropriate use of non-benchmark assets to improve risk-adjusted returns.

That approach has led to outstanding performance for our clients and to industry recognition. But we’re not sitting on our assets. We’re using multidisciplinary, in-house research to identify new investment opportunities. And we’re thinking out of the box to develop new products that will meet our clients’ changing needs.

All figures as at end June 2008, unless otherwise stated.