Top Reasons for Choosing Addenda Capital to Manage your Active Duration Bonds
We believe that:
Extensive fundamental analysis
Interest rate and credit spread forecasts are generated for numerous economic scenarios as a result of thorough macroeconomic analysis.
Quantitative and qualitative multi-factor risk calibration
Various exogenous and sentiment-like elements are incorporated into our interest rate forecasts:
Relative ValueLiquidityFinancial stress indicatorsPolitical/geopolitical issues
Optimal positioning of portfolio
Interest rate scenarios are combined with our risk-calibration process to position the portfolio optimally relative to the benchmark for a given alpha target.
Thorough top-down and bottom-up analysis
Disciplined top-down analysis is used to define our strategic allocation to credit, while bottom-up analysis is combined with continuous valuation and liquidity assessments to determine which securities and issuers in the investible universe are the most attractive.
Rigorous risk management
Proprietary models and risk tools are used to closely manage and monitor overall portfolio risk, liquidity and credit quality.