STRUCTURED FIXED INCOME
Fiera Capital is a recognized Canadian leader in the design and management of customized
fixed-income solutions. Our experienced team combines investment and actuarial expertise
with proprietary risk management software to identify and quantify both the risks
and opportunities faced by our clients.
Client-driven strategies
A shared characteristic of our investment processes is that they do not adhere to
the “one size fits all” approach. The firm’s investment and actuarial professionals
work closely with prospective and existing clients to explore the tradeoffs amongst
potential alternatives. Long-term value is added by the design of mandates that
best capture the client’s risk/return objective.
Investment approach
Investment decisions are based on fundamental economic and business cycle data,
and portfolios are structured along a number of dimensions to extract the best risk-adjusted
returns available, given the current position in the market cycle. Many of the same
sources of return found in active fixed income management are incorporated into
structured fixed income mandates.
Our specialists have developed a number of advanced portfolio analytics, portfolio
construction and performance attribution tools, which we systematically apply to
ensure that client objectives are attained. A recent example of our emphasis on
process innovation has been the implementation of performance attribution analytics
for customized liability benchmarks, resulting in substantially improved portfolio
design and tracking capabilities.
Our service offering includes the following mandates:
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Liability-driven investment |
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Asset/liability management |
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Custom benchmark: active or passive management |
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Specialty: investment grade and high yield |
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Money market |
US investment grade and high yield fixed income are provided through our relationship
with
Financial Management Advisors,
LLC (FMA), an independent registered investment advisor established in Los
Angeles, California. Founded in 1985, the firm has approximately $1.4 billion in
assets under management, of which 46% represent high yield mandates.