Jennison’s fixed income team’s primary goal is to generate superior investment performance for our clients. We believe the quality and consistency of our investment approach is directly tied to the caliber of our investment professionals. Our strong culture has resulted in low employee turnover. Our self-reinforcing, clearly purposed investment culture and stable business model mean that we are completely focused on creating outperformance for clients; which has resulted in client relationships that span decades.
Our fixed income team manages investment grade strategies across the duration spectrum and works collaboratively with clients to create extremely customized solutions (currently manage over 40+ different benchmarks). Our mission for the fixed income accounts we manage is to provide top quartile returns while using an investment approach that focuses on high-quality credit, liquidity, and downside volatility.
Philosophy & Process
- Seek top quartile returns over a full market cycle
- Focus on lowering downside volatility
- Fundamental, bottom-up approach to constructing portfolios coupled with a belief that markets tend to be mean reverting over the long-term
- Focus on the higher quality segments of the investment grade market
- Seek to identify the best risk/reward opportunities with a focus on lowering downside volatility
Potential Sources of Added Value
- Sector Rotation
- Bottom-Up Security Selection
- Yield Curve Management
Our fixed income investors are experienced professionals with demonstrated expertise across the investment grade market. All of our portfolios are managed on a team basis with each member of the team focusing either on credit, structured products, or yield curve. The portfolio managers lead every aspect of the investment process - perform their own credit research, manage portfolio construction, and approve trade levels. The decision-making process is consensus-oriented and consistent positioning is deployed across strategies. Jennison believes that having senior, experienced professionals both analyze and invest in securities fosters strong sell discipline and investment decisions.