INVESTMENT STRATEGIES
Active Fixed Income
Management
Institutional execution. Startup discipline. Every basis point earned.
SLW Fixed Income delivers actively managed strategies across the global fixed income landscape, including U.S. Treasuries and agency securities, investment-grade and high-yield corporates, securitized and structured credit, and money market instruments. Top-down risk management across duration, spread duration, and currency exposures is applied with the same rigor as bottom-up credit analysis, integrated through institutional trading infrastructure.
Active
MANAGEMENT
Global
OPPORTUNITY SET
Multi-Sector
CREDIT
ETF - MF - SMA
VEHICLES
INVESTMENT PHILOSOPHY
Three Pillars. One Discipline.​
Active fixed income management requires more than a benchmark and a coupon. Our process is built on three pillars working in concert, each contributing to risk-adjusted return.
01
Disciplined Guardrails
We think of portfolio construction as bowling with bumpers. Hard walls — credit quality standards, concentration limits, liquidity thresholds — define the lane. Within them, conviction operates with freedom. Capital preservation is the first responsibility of every portfolio. ​
02
Active Risk Management
Duration, spread duration, and currency risks are actively positioned and hedged with the same discipline applied to credit selection. Top-down risk management is not a passive overlay. It is a distinct contributor that compounds alongside every other portfolio decision. ​
03
Institutional Execution
Deep relationships across dozens of global dealer banks and specialized boutiques provide competitive pricing, sourcing depth, and continuous market access. In fixed income, execution quality compounds directly into portfolio returns. ​
INVESTMENT PROCESS​
How We Build Portfolios​
A disciplined, repeatable framework integrating top-down macro assessment with bottom-up security selection across every fixed income sector.
1
Macro & Risk Positioning
Evaluate the rate cycle, yield curve shape, credit spread regimes, and currency dynamics. Establish positioning across duration, spread duration, and currency exposures within a defined risk framework.
2
Sector Allocation
Identify relative value across Treasuries, agencies, investment-grade and high-yield corporates, securitized credit, and structured products. Optimize for risk-adjusted carry and convexity.
3
Security Selection
Fundamental issuer analysis focused on near-term liquidity and capital structure resilience. Credit research, relative value assessment, and issuer behavior analysis at the individual CUSIP level.
4
Execution & Monitoring
Implement best-execution trading across a global counterparty network. Monitor positions continuously against the risk framework and rebalance as relative value, liquidity, and the macro regime evolve.
WHAT SETS US APART​
​
Two Lenses, One Discipline​
​Bottom-up credit work without top-down risk management leaves portfolios exposed. Top-down positioning without rigorous credit work invites surprises. We apply both with equal rigor.
Duration positioning calibrated to the rate cycle. Spread duration managed across credit regimes. Currency exposure fully hedged where required, opportunistically positioned where it adds value. Every macro lever is an active decision, not a passive overlay.
Active Risk Management
TOP-DOWN
BOTTOM-UP
Rigorous Credit Analysis
Fundamental research on issuer balance sheets, cash flow durability, and capital structure resilience. Most credit analysts underwrite long-run solvency. We focus on near-term liquidity and the questions that actually drive risk in our holding periods.
TRADING & EXECUTION​
The Execution Edge​
The dealer network of a global asset manager. The hands-on discipline of a manager who personally chases every basis point. Institutional infrastructure paired with a startup’s willingness to roll up its sleeves.
Global Counterparty Network
Established relationships across dozens of GSIB trading desks and specialized fixed income boutiques worldwide. Institutional liquidity access on day one, not earned over decades.
Follow-the-Sun Sourcing
Continuous market access across London, New York, and Asia-Pacific time zones. Bonds get bought where they trade best, not where the desk happens to be open.
No Stones Unturned
Index fallout flows, new-issue concessions, yield-to-call opportunities, cross-currency basis trades. Every source of incremental return is on the table and actively worked.
15+
YEARS FIXED INCOME EXPERIENCE
30+
ISDA COUNTERPARTIES
24/5
MARKET COVERAGE
8
FIXED INCOME SECTORS
MULTI-SECTOR CAPABILITY
The Investable Universe​
Active management requires the freedom to allocate where opportunity exists. Our portfolios draw from major fixed income sectors across the global landscape.
GOVERNMENT
U.S. Treasuries
Treasury bills, notes, and bonds across the curve. The foundation of liquidity and the primary tool for active duration management.
GOVERNMENT
Agency Securities
Agency debentures, agency mortgage-backed securities, and discount notes. Government backing with incremental yield over Treasuries.
CORPORATE
Investment-Grade
Credit
Global systemically important banks, utilities, energy infrastructure, insurance, and other high-quality corporate issuers across maturities and structures.
CORPORATE
High-Yield Credit
Selective allocations to issuers with improving fundamentals, structural protections, or asymmetric risk-reward characteristics. Position-sized for the rest of the portfolio.
SECURITIZED
Asset-Backed Securities
Senior tranches of consumer ABS, equipment ABS, and student loan structures. Structural protections that mean losses do not reach our position.
SECURITIZED
Structured Credit
Non-QM, reverse mortgage, agency CMO, and home equity ABS. Same credit quality, fewer eyeballs, often better pricing.
SECURITIZED
CLOs & Specialty
Senior tranches of CLOs and selective specialty securitized exposures with strong credit enhancement and transparent collateral pools.
LIQUIDITY
Money Market & Discount Notes
Treasury bills, agency discount notes, and high-quality commercial paper. Active liquidity management, not a parking spot.
OUR STRATEGY
Access the Platform​
The same investment philosophy and disciplined process, available through the vehicle that fits your allocation framework.
EXCHANGE TRADED FUND
Short-Duration Income ETF
NYSE Arca: SLWS
Actively managed short-duration bond ETF investing across investment-grade and high-yield corporates, securitized and structured credit, and money market instruments including discount notes. Seeks to preserve capital and provide liquidity while generating an optimal level of risk-managed income.
Strategy
Active Short-Duration Income
Universe
Global IG / HY / Securitized / MMI
Listing
NYSE Arca
Custodian
State Street
Distribution
Monthly
MUTUAL FUND
Short-Term Government Fund
NASDAQ: SLWTX
Actively managed strategy investing primarily in U.S. Treasuries and government agency securities. Seeks to provide current income consistent with liquidity and capital preservation. Designed as a low-volatility anchor for conservative allocations.
Strategy
Short-Term Government
Universe
U.S. Treasuries & Agency Securities
Listing
NASDAQ
Custodian
State Street
Distribution
Monthly
SEPARATELY MANAGED ACCOUNT
Institutional Mandates
Custom separately managed accounts for institutional allocators. The same active, global multi-sector process, tailored to client-specific guidelines, benchmarks, and liquidity requirements.
​
Strategy
Custom Institutional Mandates
Universe
Global IG / HY / Securitized / Government
Structure
Separately Managed Account
Onboarding
Direct with the Portfolio Manager
MARKET COMMENTARY ​
Fixed Income Perspectives​
Investment views on rates, credit, and portfolio positioning from our team.
COMING SOON
RATES
Short Duration Positioning in a Shifting Rate Environment
How we're navigating the current yield curve and where we see relative value in investment-grade credit.
COMING SOON
OUTLOOK
Quarterly Economic Outlook: Rates, Growth, and Portfolio Implications
Our assessment of macroeconomic conditions and what they mean for fixed income allocators heading into the second half.
COMING SOON
CREDIT
Securitized Credit: Where Structural Protection Meets Spread
Why forensic accounting and earnings quality analysis matter more in extended valuation environments.