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:

  1. attractive yields

  2. high credit quality (regardless of ratings or lack of ratings)

  3. 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. This description contains opinions and expectations regarding the marketplace and the strategy, as well as descriptions of current and potential investment processes.  There is no guarantee that our expectations will be met.  Radcliffe may change its investment process without notice at any time.