Galliard provides fixed income management services for institutional investors nationwide. Portfolios are customized for clients based on their unique needs and objectives, and are managed within a structured framework to tightly control risk and limit tracking error from the selected benchmark. We currently manage to over 30 different fixed income benchmarks.

Investment Philosophy
We believe the role of fixed income is income generation and risk control. Portfolios are conservatively managed with these objectives in mind.

Value Added
Alpha is added primarily through a fundamental value-based, bottom-up security selection process coupled with a strategic over allocation to the non-Treasury (spread) sectors of the market. Additional value is added through emphasis on securities in less efficient sectors of the market and managing duration/yield curve exposures.

Core Fixed Income Approach Key elements: • Risk quantification and control • Strategic overallocation to the non-treasury sectors • Capture opportunities in less efficient sub-sectors • Team investment process We avoid: • Timing interest rates • Active sector rotation • Aggressive trading strategies • Leveraged structures