Amundi Smith Breeden Asset Management

About

About

Amundi Smith Breeden specializes in strategies that blend traditional macroeconomic analysis, fundamental credit analysis and quantitative option-adjusted spread analysis.

AMG Funds From This Firm

MGIDX

Amundi Intermediate Government Fund

The Fund seeks to provide a total return in excess of the total return of major market indices for mortgage-backed securities.

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MGSDX

Amundi Short Duration Government Fund

The Fund seeks to provide total return by investing in a fixed income portfolio that typically matches the duration of 6-month U.S. Treasury securities.

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Approach & Philosophy

Philosophy and Approach

Our Philosophy

Amundi Smith Breeden's history is grounded in research and analytics. Research and rigorous risk management are the basis for all investment decisions.

Our Approach

Amundi Smith Breeden’s investment approach is based on the following key tenets:

  • Investment philosophy based on risk allocation rather than asset allocation, as portfolio construction focused on risk allocation, as opposed to asset allocation. This approach has not only helped to successfully mitigate the downside risk in stressful market environments, it also helped maintain attractive risk-adjusted returns versus competitors.
  • The incremental return available from security selection, based on careful relative-value analysis and quantitative research, is significantly greater and more consistent than the incremental return from predicting the direction of interest rates.
  • Stable investment team with two senior PMs that have worked together at Amundi Smith Breeden in the Agency MBS sector for the past 19 years. There has been no turnover in the MBS team over the last 10+ years.

Fund Managers

Fund Managers

Daniel R. Adler

Director of the Investment Management Group, Executive Vice President and Senior Portfolio Manager

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Daniel C. Dektar

Chief Investment Officer and Managing, Director of Amundi Smith Breeden

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Timothy J. Cunneen

Senior Portfolio Manager, Managing Director and Senior Mortgage Strategist of Amundi Smith Breeden

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Insights

Insights

Shielding Retirement Assets From Taxes

The impact for retirees and their heirs
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Laying a Bigger Nest Egg

The current investment environment makes retirement nest eggs less effective than many retirees had hoped. Understanding potential retirement income shortfalls is a critical first step. The hard part–developing a plan to avoid that shortfall–comes next.
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The Phases of Retirement: Updating Your Finances for Your Changing Lifestyle

As people live longer and healthier lives, retirement income and distribution strategies require a flexible approach that provides for changing needs over time.
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