Blackfriars Asset Management's global fixed income capability takes advantage of opportunities in all major bond and currency markets. Portfolio construction utilises a highly flexible 'risk unit' approach which can be adapted to meet client requirements. We aim to generate consistent, risk adjusted returns by identifying diversified sources of alpha implemented through long and short positions on interest rates, currencies and credit. Our experienced investment team follows a disciplined approach with rapid, flexible decision-making to react to changing market and economic conditions.

Core to the investment process are three independent and uncorrelated macro-market drivers: 'value', 'cyclical' and 'tactical'. Each factor is assessed in terms of its contribution to expected returns and the time frame for achieving those returns. Our analysis aims to identify the best combination of market drivers, which encompass market direction, market allocation, yield curve positioning, credit and currency. Analysis is conducted using a combination of internal and third party research.

Portfolios are constructed using risk parameters tailored to meet each client's investment objectives and implemented through model portfolios. Please note that our strategies and funds may not be available to all investor types in all geographies. Past performance is not a guide to, or indicative of, future results.