Henry Shields Day

Standish Mellon Asset Management Co. is a dedicated fixed income manager that offers a wide range of cash, credit-based and specialty bond strategies. The firm is effectively split into three divisions: the Active Fixed Income Division, the Tax-Sensitive Fixed Income Division and the Stable Value Division. Standish’s Active Fixed Income investment process combines top-down, macroeconomic analysis with bottom-up research to identify attractive securities based on proprietary, fundamental research. Their top-down approach includes macroeconomic research to assess the overall risk environment, and determine broad portfolio themes, industry emphasis, and overall portfolio quality. Standish’s Tax-Sensitive Fixed Income approach has an objective of achieving a high after-tax return on an absolute and risk-adjusted basis versus the benchmark. Their investment process emphasizes the identification of undervalued sectors and securities in the municipal and taxable bond markets. Their focus is to capitalize on yield anomalies among municipal and taxable sectors, identify undervalued securities, and pinpoint relative value between particular bonds. Standish's Stable Value investment process is marked by four key characteristics: a risk-averse style; a disciplined, quantitative approach; a flexible model; and opportunistic management. The objective is preservation of principal and the delivery of stable returns over time.

Regiment Capital Management seeks to generate superior, risk-adjusted absolute investment returns through investments primarily in US corporate high yield bonds, syndicated bank loans and credit-related derivatives. The firm's investment strategies include constructing diversified portfolios of public and private non-investment grade fixed income or debt securities, as well as syndicated bank loans, credit derivatives and, to a lesser extent, equity securities. Regiment primarily takes long positions in such investments, but may also take short positions, in addition to various hedging strategies. Regiment’s research process focuses primarily on assessing the creditworthiness of each issuer and may include an evaluation of the issuer’s management team, financial performance, short-term and long-term prospects and other factors. The hedging techniques Regiment employs consist primarily of: (1) intra-capital arbitrage trades, which involve establishing a long and short position in fixed income obligations of the same issuer; and (2) the use of credit derivatives, such as credit default swaps and index total return swaps, and interest rate derivatives.

Functions as a College/University

Functions as a College/University