1. Investment expertise
  2. Global & Absolute Return Fixed Income
Menu
Investment expertise

Global & Absolute Return Fixed Income

Global & Absolute Return Fixed Income

Global & Absolute Return Fixed Income team is a multi-award winning team, managing more than USD 18 bn worth of assets1 across global fixed income markets through mutual funds and bespoke mandates.


Offering a range of solutions including Cash Enhanced, Absolute Return, Total Return, Investment Grade Corporate and High Yield strategies, the team’s top-down macroeconomic identity and strong focus on liquidity have been the main source of added-value in helping our clients achieve their investment objectives.

The team has also developed an innovative suite of investment solutions using liquid and cleared CDS indices to meet investors’ needs in gaining access to high yield, investment grade and private debt markets.

Key strategies

  • Cash Enhanced: Target excess return over cash of +1% with less than 1% volatility. The strategy invests mainly in short-dated floating-rate notes.
  • Absolute Return and Total Return: Flexible global allocation strategies across fixed income segments targeting high Sharpe ratios and contained drawdowns. - Global High Yield: Liquid exposure to high yield via cleared CDS indices and a limited interest rate exposure. An award-winning strategy .
  • Corporate Investment Grade: Exposure to investment grade credit markets with moderate interest rate exposure, a large capitalisation bias and a top-down driven approach
  • Global Hybrid Debt: Expertise in subordinated debt across financial and non-financial segments, including corporate hybrids, Tier 2, Tier 1 and Additional Tier 1
  • Private Debt: Global private debt exposure (senior and mezzanine) with unique liquidity features in collaboration with leading private investment firm Partners Group

Investment philosophy & process

  • Macro: The team is top-down macroeconomic-driven and asset allocation across fixed income segments is its key value added. It works with proprietary macro indicators (with a 20-year track record)
  • Liquid: The team puts a strong focus on the liquidity of the instruments used to allow for efficient implementation of its allocation decisions (i.e. investing and divesting a segment)
  • Disciplined: The team believes in investment discipline to preserve returns and optimise risk-reward. It works with tailor-made pragmatic risk modelling tools, such as hands-on stress tests and real-time performance monitoring
  • Team-based: The team fosters a culture of complementary investment professionals challenging investment hypotheses from different angles

Global & Absolute Return Fixed Income’s offering overview

GARFI_tableEN.jpg

 

Why the Bond Market is crucial for any investment decision

 

Funds

Global & Absolute Return Fixed Income

Range of solutions including Cash Enhanced, Absolute Return, Total Return, Investment Grade Corporate and High Yield strategies

Our Range Offering
Head of Global & Absolute Return Fixed Income

Christel Rendu de Lint

Christel joined UBP in 2007. She has twenty years’ experience in economics and investments, and is a specialist in developed bond markets. She holds a masters’ degree in Economics & Finance from the University of St. Gallen and a PhD in Economics from the London Business School.

Deputy Head of Global & Absolute Return Fixed Income

Philippe Gräub

Philippe joined UBP in 2007 as Senior Portfolio Manager. Previously, he was Senior Portfolio Manager at Pictet Asset Management. He holds an MSc in Physics from the Swiss Federal Institute of Technology and an MSc in Financial Mathematics from the Ecole Polytechnique in Paris. He is also CFA charterholder.


1. Source: UBP, as at 31 January 2019
2. The above-mentioned targets/limits/objectives are to be considered over the minimum recommended investment period and do not constitute a commitment as there can be no assurance that they will be achieved. They are subject to the realisation of UBP’s market assumptions and can by no means be considered a guarantee of future performance.

Read more

Institutional clients

With a team of more than 200 people, UBP Asset Management has built an on-the-ground presence in the world’s major markets through organic growth and selected partnerships.

Our fund range

Funds

View all our funds.

Insight 14.06.2019

Navigating wealth succession in Asian families

Wealth succession is complex, emotional and can be costly if not managed properly