Intermediate Fixed

Overview

The Intermediate Core strategy is a fixed income investment management strategy that seeks to provide a total return in excess of the Barclays Intermediate Government/Credit Index. Excess return is achieved primarily through sector rotation and security selection. The strategy manages risk through issue diversification. Portfolio duration is managed in line with the benchmark. Portfolios — when permitted by client guidelines — will invest in non-benchmark sectors opportunistically.

Risk Controls

  • Typical Corporate holding represents 1% or less of the Total Market Value
  • Duration generally limited to ±10% of index
  • Weekly stress testing
  • Pricing – portfolio marked daily
  • Performance monitored daily

Portfolio Management

Paula Horn

Chief Investment Officer, Senior Portfolio Manager

Richard Scargill

Director of Fixed Income Strategies Senior Portfolio Manager

William O’Connor, CFA

Senior Portfolio Manager

Keith Weldon, CFA

Senior Portfolio Manager

Eric Zenner, CFA

Senior Portfolio Manager

Brian Schuster

Senior Credit Analyst

Kevin Conrath

Portfolio Manager

Dan Kralovec

Associate Portfolio Manager
Snapshot

Benchmark: Bloomberg Barclays Intermediate Gov/Credit
Inception Date: January 1, 2000
Investment Team: Fixed Income Group

More Information