Our approach

As the asset management business of one of the UK’s largest insurers, fixed income is in our DNA. Our experience spans across fixed income, from developed to emerging markets, investment grade to high yield and liquidity strategies. In addition to pooled strategies, we offer bespoke solutions to cater to individual client needs.

Our insurance heritage makes us a natural partner for clients looking for consistent returns and enhanced capital preservation through market cycles.

Fundamentally driven

Investment ideas are driven by in-depth research across regions and sectors, supported by multi-disciplinary teams across asset classes to deliver robust client outcomes.

Robust portfolio construction

We believe a disciplined portfolio construction process can be an independent source of alpha.

Actions that unlock value

We seek to enhance long-term value creation by incorporating ESG considerations* and engaging with organisations to inform investment decisions and drive positive change.

*The investment manager always applies the Firm’s Baseline Exclusions Policy and any specific constraints within a prospectus or IMA, but any other ESG factors or risk considerations are adopted at the manager’s discretion.

Potential benefits

Focused portfolios

Aggregating firm-wide expertise to gain a holistic picture of the issuers we invest in.

Resilient risk-adjusted returns

Active management of risk can help generate smoother returns and alpha uncorrelated to the benchmark  

Building in responsibility

The investment approach aims to future proof portfolios against by assessing sustainability risks alongside other risk factors.*

Our fixed income capabilities

Emerging market debt

A range of emerging market debt strategies that invest across hard and local-currency markets.

Find out more  about Emerging market debt

High yield

A range of strategies that aim to capture the full potential of high yield bond markets while protecting capital.

Find out more  about High yield

Global convertibles

Long-only and absolute return convertible strategies offering the potential for uncorrelated returns, portfolio diversification and low volatility.

Find out more  about Global convertibles

Investment grade credit

A range of strategies that utilise portfolio construction to deliver attractive returns throughout the credit cycle.

Find out more  about Investment grade credit

Climate Transition Credit

A strategy investing in bonds of companies responding effectively to climate change.

Find out more  about Climate Transition Credit

Key risks

Investment risk

The value of an investment and any income from it can go down as well as up and can fluctuate in response to changes in currency and exchange rates. Investors may not get back the original amount invested.

Credit risk

Bond values are affected by changes in interest rates and the bond issuer's creditworthiness. Bonds that offer the potential for a higher income typically have a greater risk of default.

Fixed income team

  • Caroline Hedges

    Global Head of Credit

  • Liam Spillane

    Head of Emerging Market Debt and Portfolio Manager, EM Local Currency

  • James Vokins

    Global Head of Investment Grade Credit

  • Iain Forrester

    Head of Global Buy-and-Maintain Credit

  • Rakesh Girdharlal

    Head of Liability Driven Investment and Liquidity

  • Brent Finck

    Global Co-Head of High Yield

  • Sunita Kara

    Global Co-Head of High Yield

  • Oliver Judd

    Co-Head of Global Credit Research

  • Kevin Gaydos

    Co-Head of Global Credit Research

  • Edward Hutchings

    Head of Rates

  • Barney Goodchild

    Head of Credit and Equity Investment Specialists

    • Fixed income views

    Explore all funds

    Access key fund documentation and performance reports.

    View Fund Centre

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