Long/Short Credit

Our Long/Short Credit Fixed Income strategy seeks to generate total return in all market environments by using credit based strategies and minimizing interest rate duration exposure. We consider this an unconstrained, multi-sector, credit strategy comprising liquid corporate credit, bonds, bank loans, credit default swaps, emerging market sovereign, and non-dollar denominated credit. There are no minimum or maximum gross exposure limits. The strategy will invest in investment grade and below investment grade securities.

Assets Under Management:
$65.3 million1
Portfolio Managers:

Andrew Kronschnabel, CFA
Joshua Lofgren, CFA
Inception Date:
February 1, 2011
Available Vehicles:

Separately Managed Accounts

1 Represents total assets included in the Long/Short Credit strategy. Based on unaudited estimates and subject to change.

2 Performance Objective, Risk Objective and Target Portfolio Exposures based on MIM’s current market outlook and subject are to change. They should not be considered a predictor of investment strategy or risk characteristics. The Long/Short Credit strategy is an unconstrained, multi-sector, credit strategy comprising corporate credit, bonds, bank loans, credit default swaps, emerging market sovereign and non-US dollar denominated credit. The strategy will also invest in below investment grade securities. The strategy does not have minimum or maximum gross exposure limits. Due to the use of alternative trade structures (e.g. pairs trading, shorting), the strategy will have a high degree of turnover and concentration. While the strategy aims to deliver its target return, risk and correlations over a full market cycle, there is no guarantee it will achieve these objectives.

Objectives Performance Objective2 Risk Objective2
>5% + 1yr LIBOR (net) <4% standard deviation
 
Target Portfolio
Exposures
Duration Gross Market Value Net Market Value # of Trade Ideas
0 yrs to 1.5 yrs 0% to 300% -50% to 100% 20-60

Investors should carefully consider their investment objectives, risks, fees, charges and expenses before investing any money. To obtain this and other information, please email icg@metlife.com to request more information. Please review the Terms of Use of this site for additional details.