Investment Strategies With An Unconventional Perspective

Artio Global Management LLC is committed to providing clients with value-added investment strategies. We have expertise investing in global securities markets and manage a variety of equity and fixed income strategies. Our deep resources and diverse staff offer a unique approach for generating consistent risk-adjusted returns, and allow clients to benefit from our unconventional perspective.

Our objective is to create highly diversified portfolios of attractive securities, mindful of benchmarks, but willing to actively depart from them in pursuit of risk-adjusted returns.

International Equity

Our International Equity Strategies are core strategies that do not attempt to follow either a "growth" approach or a "value" approach to investing. The International Equity Strategies invest in equity securities in developed and emerging markets outside the United States. We believe that maintaining a diversified core portfolio, driven by dynamic sector and company fundamental analysis, is the key to delivering consistently superior, risk-adjusted, long-term performance in the international equity markets. The investment process for the International Equity Strategy is a three phase process consisting of: (i) thinking – conducting broad global fundamental analysis to establish relative values and priorities across and between sectors and geographies, (ii) screening – conducting a detailed fundamental analysis of the competitive relationship between companies and the sectors and countries in which they operate and (iii) selecting – carefully considering the catalyst for the investment opportunity. The overall objective of our investment process is to create a highly diversified portfolio of the most relatively attractive securities in over 20 countries.

Global Equity

The Artio Global Equity Strategy is a core, multi-cap equity strategy which invests in companies worldwide. While investors have traditionally split investment decisions into US versus non-US categories, we believe this distinction will evolve into the adoption of true global equity portfolios. The impact of globalization has increasingly diminished the importance of "country of origin" within the equity landscape and industry considerations have become much more critical in understanding company dynamics, particularly within more developed markets. We believe that our strength in analyzing and allocating to opportunities within developed and emerging markets positions us to effectively penetrate this growing area. This strategy employs the same investment process as our International Equity strategies, but includes the US equity market in its investing universe.

US Equity

Artio Global offers four US Equity Strategies (Microcap, Smallcap, Midcap and Multicap) that invest in equity securities of US issuers with market capitalizations that fit within the relevant categories. We believe a diversified core portfolio, driven by extensive independent research and the ability to capitalize on price inefficiencies of companies are the key components to delivering consistently superior long-term performance. The investment process we undertake for these US Equity Strategies focuses on individual stock selection based on in-depth fundamental research, valuation and scenario analysis, rather than market timing or sector/industry concentration. This process is comprised of three steps: (i) sector and industry quantitative and qualitative screening, (ii) conducting fundamental research and (iii) valuing investments based on upside/downside scenario analysis. Our investment process focuses on quantitative and qualitative factors.

Investment Grade Fixed Income

We manage and offer an investment grade fixed income strategy which includes high grade debt of both US and non-US issuers. Our main offering is the Artio Total Return Bond Strategy, which must invest at least 60% of portfolio assets in the US fixed income markets and also seeks to take advantage of those opportunities available in the investment grade components of non-US markets. We believe an investment grade fixed income portfolio can consistently deliver a source of superior risk-adjusted returns when enhanced through effective duration budgeting, expansion to include foreign sovereign debt, yield curve positioning across multiple curves and sector-oriented credit analysis. The investment process for the investment grade fixed income strategies involves five key steps: (i) market segmentation, (ii) macro fundamental analysis and screening of global macroeconomic factors, (iii) internal rating assignment, (iv) target portfolio construction and (v) risk distribution examination. The portfolio is constantly monitored and rebalanced as needed.

High Yield

The Artio High Yield Strategy invests in securities issued by non-investment grade issuers in both developed and emerging markets. By bringing a global perspective to the management of high yield securities and combining it with a disciplined, credit-driven investment process, we believe we can provide our clients with a more diversified/high yielding portfolio that is designed to deliver superior risk-adjusted returns. The investment process for the High Yield Strategy seeks to generate high total returns by following five broad-based fundamental investment rules: (i) applying a global perspective on industry risk analysis and the search for investment opportunities, (ii) intensive credit research based on a "business economics" approach, (iii) stop-loss discipline that begins and ends with the question "Why should we not be selling the position?", (iv) avoiding over-diversification to become more expert on specific credits and (v) low portfolio turnover.

Core Plus+

Our Core Plus+ Strategy efficiently combines the Investment Grade Fixed Income Strategy (Total Return Bond) with the High Yield Strategy to create strong risk adjusted returns. The allocation model used for the Strategy assists our top down macro view and is not based on a stand-alone quantitative decision. We believe diversification of a high grade bond strategy with high yield assets can be employed to reduce overall return volatility.