The Radcliffe Ultra Short Duration strategy, launched in 2009, has capitalized on persistent structural market inefficiencies that result in supply/demand imbalances in many short-term bonds that are sold as they approach maturity. Utilizing fundamental analysis with a focus on safety under all market conditions, we seek the small subset of corporate and convertible bonds with:
high credit quality (regardless of ratings or lack of ratings)
an average term-to-worst of about one year
The strategy’s objective is to consistently achieve meaningfully higher net returns than short term high-grade bond funds, with minimal default risk, while avoiding both the duration risk and credit risk of other fixed income strategies.
All investments are subject to risks including the possible loss of principal.