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About Us
Founded in 1992, Seix Investment Advisors is an investment
management boutique in the RidgeWorth family that focuses
Seix Investment Advisors
exclusively on managing fixed income strategies.
offers investors access to
We are dedicated to providing outstanding asset management
solutions across the
fixed income spectrum,
seeking to consistently
generate alpha.
for our clients. Our strategies can serve as the core of a fixed
income allocation or as a dynamic complement to an existing
portfolio. RidgeWorth supports our administrative functions,
allowing the investment team to devote its attention to managing
fixed income portfolios.
As of December 31, 2015, our assets under management are
$25.7 billion.
SEIX INVESTMENT PROCESS
Sector Trends
TOP-DOWN
AWARE
Industry Dynamics
Broad Economic
Trends
Quality Spreads
Business/Credit
Cycle Analysis
Supply/Demand
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Volatility/Liquidity
Federal Reserve
Policy
BOTTOM-UP
FOCUS
Interest Rates/
(Dis)inflation
Focused Approach
ADVANTAGE
Our experience and singular focus provides us with an indepth knowledge of the specific risks and rewards inherent
in fixed income investing. By consistently implementing our
disciplined credit/security analysis and risk management
practices, we are well positioned to capture upside potential
and limit downside risk.
DISCIPLINE
We apply a strict fundamental, bottom-up approach focused
on rigorous credit and security analysis, informed by a keen
awareness and top-down view of the macro factors that affect
economies, markets and fixed income sectors.
EXPERIENCE
Our portfolio managers are driven by a culture of performance.
They work collaboratively with our team of career analysts and
traders in the pursuit of superior absolute, relative and riskadjusted returns over a full market cycle.
INDEPENDENCE
SENIOR MANAGEMENT
Seix has cultivated an environment of independence and
Ashi S. Parikh
welcomes contrasting opinions among senior management,
Chief Executive Officer
portfolio managers and analysts. We continue to foster a
culture where the pursuit of the best ideas thrives.
James F. Keegan
Chief Investment Officer
AGILITY
and Chairman
Our process is clearly defined and systematic, yet
George K. Goudelias
accommodates the flexibility to add value by identifying
Managing Director
potential “off-the-radar” opportunities, market dislocations and
Head of Leveraged Finance
capital structure inefficiencies to enhance return potential.
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Investment Grade
Taxable Fixed Income
For investors seeking a complete, institutional quality
fixed income solution, we believe investment grade
DISCIPLINED CORPORATE
CREDIT PROCESS
fixed income is a critical anchor in a diversified
multi-asset portfolio. We blend a distinctive bottom-
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up focused and top-down aware approach that
emphasizes income, liquidity, quality and diversification
in the pursuit of superior risk-adjusted returns.
At the end of the cycle, successful fixed income
portfolio management often entails a “winning is about
not losing” risk reduction strategy that proactively
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Target
Spread/Downside
Threshold
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Capital Structure
Analysis
Targeted
Universe
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Industry
Relative Strength
3
Investment
Process
Business
Risk Analysis
avoids reaching for yield. Prudent risk management is
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4
Investment
Thesis
Financial Risk
Assessment
a cornerstone—not an afterthought—in our process.
We employ a multi-dimensional approach focused on a
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Proprietary
Debt Ratings
strict portfolio construction methodology, sell discipline
and trading strategies designed to target active risk
and mitigate residual risk that is underpriced.
FOCUSED MORTGAGE-BACKED
SECURITIES PORTFOLIO CONSTRUCTION
Macro View
PORTFOLIO MANAGEMENT
MBS Market View
»» Housing/Rates
»» Prepayments
James F. Keegan
»» MBS Relative Value
»» TBA vs. Spec Pools
Perry Troisi
»» Federal Reserve
Intervention
»» Spreads vs. Treasuries
Michael Rieger
»» CMOs vs. Collateral
»» Government Initiatives
Seth Antiles, PhD
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Determines
Idea Portfolio
Carlos Catoya
Jon Yozzo
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Generation
»» Sector Weight
Ongoing
Surveillance
»» Coupon
Bias
2
Company
Specific Research
»» Structure Allocation
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3
Investment
»» Cross-Sector
Allocation
Recommendation
& Execution
Process
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Industry & Country
Disciplines
Debt Ratings
Leveraged Finance
Seix’s industry analysts have created a number of
proprietary industry models to evaluate leveraged
COLLABORATIVE LEVERAGED
FINANCE PROCESS
finance opportunities.
LEVERAGED LOANS
As specialists in leveraged loans, we bring a number
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of advantages to investors interested in capitalizing on
Idea
Generation
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Ongoing
Surveillance
this area of the market, including:
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Company
Specific Research
loans that possess the most attractive risk/reward
Investment
Process
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Recommendation
& Execution
3
Industry & Country
Disciplines
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Structure
Review
»» Meticulous portfolio construction focused on
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relationships
»» Commitment to liquidity and diversification by sector
and issue size
»» Downside protection and downside tolerance limit
Relative Value &
Diversification
HIGH YIELD
We adhere to strict security selection and a risk
management approach to enhance returns and protect
against downside risk in this historically asymmetrical
market, that:
»» Identifies a path to movement from high yield to
investment grade over time
»» Seeks issues that may be misunderstood or misrated
by agencies and the markets
»» Practices a strict sell discipline, employing an upside
PORTFOLIO MANAGEMENT
George K. Goudelias
spread target designed to capture upside potential
and downside tolerance limits focused on limiting
downside risk
Michael Kirkpatrick
James FitzPatrick, CFA
Vincent Flanagan, CFA
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Seix Investment Advisors offers various
fixed income strategies.
SEPARATELY MANAGED ACCOUNTS
Investment Grade Strategies
Leveraged Finance Strategies
Core
Energy Opportunities
Core Plus
Full Market High Yield
Corporate
High Quality High Yield
Intermediate Term
Leveraged Loans
Mortgage Backed
Short Duration
Tax-Exempt1
Multi-Sector Absolute Return Strategy
MULTI-SECTOR PRODUCT2
STRUCTURED PRODUCTS2
Collateralized Loan Obligations
1
2
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The tax-exempt strategy is not available for promotion or sale by RidgeWorth International Ltd.
Certain products may not be available for sale or promotion outside of the United States.
For U.K. Investors: For the purposes of distribution in the EEA, this financial promotion has been distributed by RidgeWorth International Ltd., which is an appointed
representative of Mirabella Advisers LLP, which is authorized and regulated by the Financial Conduct Authority (“FCA”). For the purposes of distribution to prospective
investors in the UK, this document is only made available in circumstances in which the relevant investment can be promoted in compliance with applicable UK law and
regulation. To the extent that the investment takes the form of interests in transferable securities, this document is distributed only to qualified investors, as defined in
section 86(7) of the Financial Services and Markets Act 2000. To the extent that the investment takes the form of interests in an unregulated collective investment scheme,
this document is distributed only to Professional Clients and Eligible Counterparties (as defined in the glossary of the FCA Handbook) and other persons to whom it may
lawfully be communicated by an authorized person by virtue of the Financial Services and Markets Act (Promotion of Collective Investment Schemes)(Exemptions) Order
2001 and COBS 4.12 in the FCA Handbook.
For Hong Kong Investors: RidgeWorth Capital Management LLC does not carry on a business in a regulated activity in Hong Kong and is not licensed by the
Securities and Futures Commission.
For All Other Investors: This document was prepared for professional investors only. For the purposes of distribution to prospective investors, this document is only
made available in circumstances in which the relevant investment can be promoted in compliance with the applicable jurisdiction’s law and regulation.
Investment process, strategies, and procedures herein are intended to be general guidelines, subject to market conditions and client-specific investment guidelines
and restrictions, and are measured at time of purchase. Seix Investment Advisors LLC may deviate from these guidelines if market conditions warrant, or if the
investment professionals deem doing so would be in the clients’ best interests. Guidelines do not guarantee any reduction of risk or loss.
Investment Risks: All investments involve risk. Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal
gain or loss. Intermediate term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return. Generally, a portfolio’s fixed income
securities will decrease if interest rates rise and vice versa.
There is no guarantee a specific investing strategy will be successful. Individual investors are advised to consult with their investment professional about their specific
financial needs and goals before making any investment decisions. Investment process, strategies and procedures detailed in this brochure are intended to be
general guidelines, subject to market conditions and client-specific investment guidelines and restrictions, and are measured at the time of purchase. Seix Investment
Advisors LLC may deviate from these guidelines if market conditions warrant, or if the investment professionals deem doing so would be in clients’ best interests.
Guidelines do not guarantee any reduction of risk or loss.
©2016 RidgeWorth Investments. All rights reserved. RidgeWorth Investments is the trade name for RidgeWorth Capital Management LLC, an investment adviser
registered with the SEC and the adviser to the RidgeWorth Funds. RidgeWorth Funds are distributed by RidgeWorth Distributors LLC, which is not affiliated with
the adviser. Seix Investment Advisors LLC is a registered investment adviser with the SEC and a member of the RidgeWorth Capital Management LLC network of
investment firms. All thrid party marks are the property fo their respective owners.
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Seix Investment Advisors LLC
One Maynard Drive
Suite 3200
Park Ridge, New Jersey 07656
USA
seixadvisors.co.uk
RidgeWorth International
I N T E R N A T I O N A L
Suite 418, Rex House
4-12 Regent St
London SW1Y 4PE
United Kingdom
ridgeworth.co.uk
Rahul Shah
Sovereign Wealth and
Official Institutions
TEL: +44 (0) 20 3356 2875
[email protected]
Barry Keane
European Institutional Sales
TEL: +44 (0) 20 3356 2874
[email protected]
INT-SXBroch-1215