Floating Rate Income

Investment Philosophy

Our fixed income investment approach combines bottom-up research with top-down sector selection to consistently seek favorable, risk-adjusted results. We believe that the volatility of market prices exceeds that of fundamental asset values. This dislocation creates opportunities for investors with the skilled personnel, infrastructure and insight necessary to identify relative value generated by market inefficiencies.

Floating Rate Income Strategy Highlights

  • Inception Date: 01 April 2011

  • Focuses primarily on individual loan and security selection

  • Benchmarked against the Morningstar LSTA US Leveraged Loan Index

  • Invests primarily in US dollar-denominated floating rate bank loans and other floating rate instruments

  • Has flexibility to invest in non-floating rate instruments, including fixed rate securities, structured securities and equities

Portfolio Managers

Experienced Team

PPM is an investment-led organization which utilizes a team-based approach to manage the assets of the portfolio. Portfolio managers work closely with asset class specialists, research analysts and traders to generate ideas and to gain greater insight on the market environment as they make investment decisions.

photo of David Wagner
David Wagner

Senior Managing Director, Portfolio Manager

photo of Adam Spielman
Adam Spielman

Senior Managing Director, Head of Leveraged Credit

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