Fixed income transitions: A specialist approach

2024-02-29

Brandon Rasmussen

Director, Head of Fixed Income Trading

Travis Bagley, CFA

Director, Transition Management

Chris Adolph

Director, Customized Portfolio Solutions - EMEA

Find other posts with these tags:
Transition management
Fixed income
Implementation

Prioritize transparency and accountability while preserving portfolio value and minimizing risk. Discover the value of hiring a skilled transition manager.

Hiring a dedicated manager for the transition of equity portfolios is now considered best practice for both asset managers and asset owners alike. Yet still today fixed income transitions are often left unmanaged. Despite the opaque nature of fixed income markets, many of the trade- and risk-management practices in equity transitions have proved effective in fixed income transitions as well. Regardless of the asset class involved, asset owners should always seek to manage an investment transition in a manner that is consistent with the principles of prudence and due diligence.

The paper compares and contrasts equity and fixed income transitions, advocating for a specialist approach while answering the following questions:

Why hire a fixed income transition manager?
Are fixed income transitions unique?
Do transition managers add value in fixed income events?

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