We believe:

• The search for value drives the investment process.
  Value is realized most often when supported by both fundamental and technical factors.
  
• A broader opportunity set results in better returns.
  A portfolio's risk-adjusted performance improves with an increase in the number of strategies employed in its management.  
  
• Consistent outperformance requires both top-down and bottom-up expertise. 
  Teams of experienced professionals must use both quantitative and fundamental methods to identify value in both macro and idiosyncratic positions.
  
• The bond markets offer multiple structural inefficiencies to be exploited.
  The best portfolios incorporate these persistent "structural alpha" opportunities to produce consistent excess returns.
  
• Rigorous risk management is key to long-term investment success.
  A variety of risk-management methods and techniques minimize the chance of negative surprises.