Our Philosophy - Portfolio Management


Western Asset believes in long-term, fundamental, value-oriented investing. The Firm's objective is to provide fixed-income clients with diversified portfolios that are tightly controlled and managed for the long term. By combining traditional analysis with innovative technology, Western Asset seeks to add value by exploiting these inefficiencies across eligible sectors.

Western Asset emphasizes the value of active management by utilizing multiple investment strategies, including active sector and issuer selection. The Firm believes these strategies enhance value by limiting the ability of any one strategy's underperformance from significantly impacting returns.

Portfolio Management Process

A Team Approach

Western Asset manages portfolios on a team basis, with the same professionals responsible for all products and portfolios. This team approach unites groups of specialists dedicated to different market sectors. The investment responsibilities of each sector team are distinct, yet results are derived from the constant interaction that unites the sector teams into a cohesive whole. This structure is designed to certify that client portfolios benefit from a consensus, drawing on diverse expertise of all team members.

Risk Management

Western Asset believes that managing risk is as important to the investment process as adding value: portfolio managers focus on providing the best value per unit of risk. A dedicated risk management team works with the portfolio management team to align each portfolio with the client's risk tolerance.

Client Service

Western Asset is committed to excellence in client service. The Firm has devoted significant resources to its Client Service & Marketing unit, and expands its relationship base only when the resources are available to continue providing excellent performance and service to existing clients.