Management & Investment Process
The investment team leverages high degrees of experience and knowledge within a disciplined investment process.
Learn more about the Team.
- Michael A. Cirami, CFA
- Portfolio Manager
- 23Years Investment
Experience
- Sarah C. Orvin, CFA
- Portfolio Manager
- 14Years Investment
Experience
The team applies in-depth fundamental research and employs robust operational capabilities across a broad opportunity set to uncover knowledge gaps in global markets. By exploiting knowledge gaps, the team is well positioned to discover idiosyncratic opportunities that provide compelling risk-adjusted return potential.
Organizational Structure
- Flat and collaborative structure
- Portfolio managers and analysts focus on idea generation
- Trading and implementation are embedded within the investment team
Idea Generation Through Broad Investment Universe
- Constantly perform fundamental country research and monitor financial markets
- Country research seeks to understand policy environment and how important policy moments may alter the investment environment
- Corporate analysis includes decomposing yields and examining corporate liquidity and solvency risks
- Integrated environmental, social and governance (ESG) analysis at the country and corporate levels
- Broad spectrum of global markets with investable assets from more than 100 countries across asset classes
Portfolio Implementation
- Investment opportunities analyzed from a risk factor perspective—the forces that drive securities and instruments prices
- Investment team and trading consider which instruments provide optimal risk-adjusted return
- Trading and implementation expands the investment universe by understanding and overcoming investment barriers