A new paradigm in fixed income markets

Salman Ahmed, Chief Investment Strategist, explains how investors need to rethink fixed income investing in order to mitigate today’s challenges and embrace a new paradigm of bond investing focussed on trading less and quality.

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Convertible Bonds

For investors wishing to access the compelling benefits of convertible bonds, we are a natural choice. Lombard Odier Investment Managers is a market leader in convertible bonds with a strong track record and an experienced team.

A MARKET LEADER IN CONVERTIBLE BONDS
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2017 Investment Outlook

We see a positive outlook for 2017 but this by no means invites complacency - the need for investors to rethink their investment approach will be more important than ever in 2017.

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OUR THINKING

THOUGHT LEADERSHIP & ANALYSIS FROM OUR TEAM OF EXPERTS

10 February 2017

Salman Ahmed offers a positive view on emerging market bonds, currencies and equities for the first time in more than five years, following a punishing bear market.

10 January 2017

Salman Ahmed and Jan Straatman on the rise of populism in some of the world’s most important economies which has led to a lot of talk about a “return to the 1930s”.

We’ve grown stronger through 40 financial crises, not by standing still and waiting for them to pass, but by re-evaluating and rethinking the world around us.

The world has changed and investors need to rethink fixed income investing.

In the new investment paradigm, the search for yield remains at the forefront of investors’ objectives, increasing the appeal of corporate credit. We believe that the crossover “BBB-BB” segment of corporate credit offers a compelling alternative to investment grade.

China’s misunderstood debt challenges

While China’s debt burden is a concern for investors, we believe that its strong external balance sheet, heavily managed capital account and healthy trade balances reduce the likelihood of a financial meltdown.

 

The common sense alternative we call fundamental fixed income.

I nostri pilastri d'investimento


Smart Beta

Scopo delle strategie «smart beta» è quello di offrire un’esposizione ai mercati più efficiente rispetto a quella offerta dai benchmark tradizionali.

  • Fondamentale: il nostro approccio nel reddito fisso pondera gli emittenti in base ai fondamentali economici anziché basarsi sul loro livello di indebitamento
  • Sistematico: applichiamo un approccio sistematico per ottimizzare le strategie azionarie e alternative.
High Conviction

I nostri team ad alta convinzione mirano a generare alpha mediante portafogli long-only svincolati dai benchmark, massimizzando al contempo i rendimenti corretti per il rischio.

I nostri team d’investimento hanno la libertà di concentrarsi sulla gestione del rischio e la generazione di rendimenti.

Absolute return

I nostri team d’investimento a rendimento assoluto hanno l’obiettivo di generare rendimenti decorrelati dai cicli di mercato e liberi da qualsiasi fattore sistematico.

Gestiamo anche strategie meno liquide che beneficiano di un premio di illiquidità e hanno l’obiettivo di offrire protezione dall’inflazione a lungo termine.

Multi asset

A nostro avviso, gli obiettivi dei clienti devono essere tradotti in budget di rischio anziché in obiettivo di rendimento.