Philosophy & Process The Absolute Return Product seeks to maximize total returns by systematically pursuing relative value opportunities throughout all sectors of the fixed income market. The firm’s disciplined investment philosophy and process are used to identify and evaluate relative value opportunities and the “best ideas” are selected for use in Absolute Return portfolios. Although the product has historically focused on the high yield credit sector where attractive relative value opportunities have been plentiful, the Absolute Return strategy seeks opportunities in all sectors of the fixed income market including investment grade and high yield credit, governments, agencies, mortgage-backed, asset-backed, emerging market, and non-dollar securities. Unlike a hedge fund, the Absolute Return Product will not borrow money nor will it purchase securities on margin; however, derivative instruments such as futures, options and credit default swaps may be utilized to gain exposure and manage risk. Given the relative value and “best ideas” strategy, the Absolute Return Product is not managed against a benchmark. Average portfolio duration is generally between 0 to 6 years. The targeted annual return is Libor plus 200 basis points per annum (with lower volatility than the broad fixed income market) over a full market cycle. | Company Profile | Investment Professionals | Fixed Income Products | Quarterly Review |  | Client Account Access | Contact Information | Home | © Reams Asset Management Company. Terms of Use/Legal Issues