Sentences with phrase «unconstrained managers»

What I suspect will happen is this: the initial unconstrained managers will do well, but they will reach capacity limits, and lesser managers will put out «me too» products.

If there is no skill to picking unconstrained managers, then why not pick them directly themselves, or just go back to indexes?

As consultants analyze unconstrained managers, their models will get stretched.

If an unconstrained manager made a brilliant tactical move once, can he do it twice?

All that said, let me talk a little about what it takes to be a good unconstrained manager.

Not exact matches

It so happened that Bill Gross, the portfolio manager of the Janus Global Unconstrained Bond Fund, made that 2.6 % call in a Bloomberg interview on Friday and then in his monthly investment letter on Tuesday.

In an unconstrained bond fund, the manager can hedge interest rate risk with futures, options, or swaps, or even short Treasury bonds or notes, and make up the loss in yield by overweighting credit.

-LSB-...] of Unconstrained Bondsville (SSRN) • Would Keynes Have Been Fired as a Money Manager Today?

The menu of unconstrained fixed income products has expanded over the past few years as managers and clients try to bridge the...

The unconstrained strategy can be thought of in two ways: always trying to earn a positive return with high probability (T - bills are the benchmark, if any), or being willing to accept equity - like volatility while the bond manager sources obscure bonds, or takes large interest rate or credit risks.

I find the move to unconstrained mandates to be a return to what value managers did long ago, but in a more complex fixed income environment.

Because portfolio managers are unconstrained in a long / short strategy and can essentially double their bets, the performance across long / short funds varies widely.

From a recent interview with Bill Gross, manager of the Janus Global Unconstrained Bond fund: Years of easing by central banks mean that interest rates in most of the developed world will fluctuate narrowly.

Gross resigned to run an unconstrained fund at Denver - based money manager Janus Capital Group Inc..

Gross, manager of the world's biggest bond fund until he unexpectedly left Pimco on Sept. 26, is running the Unconstrained Fund out of a rented office a five - minute walk from Pimco's headquarters in Newport Beach, California.

He abruptly resigned to run an unconstrained fund at money manager Janus Capital Group Inc..

It is this widespread market sentiment that has driven the surging popularity of unconstrained bond funds, which offer wide latitude to fund managers on duration management and investment selection.

The difference between this strategy as a mutual fund and this strategy as a hedge fund, he said, is that «there's huge constraints in the mutual fund business with regard to how concentrated you can be, how much in certain industries... The Partnership allows Bruce to be unconstrained in his selection and concentration decisions in the portfolio manager process.

Thus I expect that investment consultants will revert to the «style box» (or something new like it) once they realize that few managers can consistently generate alpha over a full market cycle whether unconstrained of constrained.