Who is
Cadiz Asset Management?
For more than 30 years, Cadiz has managed fixed income portfolios for both individual and institutional clients.
Our investment philosophy is to provide incremental outperformance over time within defined risk parameters.
With a highly experienced team of investment professionals, Cadiz employs a tried-and-tested award-winning investment process that has consistently produced incremental outperformance over time.
Our Investment Process
Cadiz Asset Management follows a Top-Down and Bottom-Up investment process.
The Top-Down process focuses on establishing a level of conviction regarding the directional movement of interest rates. This involves analysing a broad range of factors, including but not limited to Economic Fundamentals, Monetary Conditions, Valuations, Liquidity, Technical Analysis, the International Environment, and other relevant factors.
These factors are evaluated using a weighted scoring mechanism, helping us form a strategic outlook on interest rate direction. This outlook serves as a key guide in shaping our broader investment decisions and is applied across our fixed-income portfolios, ensuring alignment with each fund’s specific mandate, benchmark, and risk parameters.
The Bottom-Up process complements the Top-Down strategy by focusing on the day-to-day management of each portfolio. It ensures that tactical decisions align with our broader market view while maintaining the flexibility to respond to changing conditions.
Key components of the Bottom-Up process include Security and Sector selection, Valuation Analysis, Duration Management, Risk and Scenario Analysis, Yield Curve Analysis and Credit Analysis.
