Numeric Active US High Yield Bond

Man Numeric’s Active US High Yield Bond strategy seeks to outperform the US high yield corporate bond asset class as measured by the ICE BofAML US High Yield Index (H0A0).

It does so via a fundamentally-driven, quantitative, bottom-up bond selection process that is applied across the ICE BofAML US High Yield Index universe of approximately 1,800 publicly traded US high yield bonds.

Approach

Long-only investing in US high yield corporate bonds

  • Fully quantitative issue and issuer modelling
  • Systematic portfolio construction and risk management seeks to control key benchmark exposures
  • Rigorous transaction cost analysis to help ensure efficient implementation
  • Broad data access, including multiple credit data sources and full suite of equity data

Emerging asset class for quant

  • Systematic implementation in credit potentially eliminates behavioural biases, providing a complement to discretionary approaches
  • Leveraging Man Group's decades of experience with discretionary credit strategies and centralized credit execution desk

Fully systematic approach to traditional fixed income

  • Alpha modelling deploys bond-level insights that seek to systematically exploit idiosyncratic dislocations
  • Portfolio construction combines fundamentally driven alpha signals with risk and transaction cost modelling in a framework Man Numeric has successfully deployed in equities for decades