The Mutual Advantage

Fixed-Income Specialists
Guiding with Confidence Through All Markets

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We are committed to serving the institutional marketplace by offering fixed-income investment solutions with client-focused services.

These solutions are accessible through separate accounts, sub-advisory relationships and various commingled vehicles.

With over $43 billion in assets under management as of February 28, 2026, we are dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process.

Our Firm & Culture

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Our tailored investment strategies incorporate a unified investment philosophy and process across the fixed income risk spectrum.

Experience, Performance and Stability

31 Investment Specialists & Professionals
37 Year Track Record as an Independent Business
$44.0B Assets Under Management
  • $34.8B Insurance
  • $1.3B Separately Managed Accounts and Pooled Vehicles
  • $7.9B Manager of Managers
As of February 28, 2026

Thought Leadership & Market Insights

When Fear Leads Reality: Inside 2026’s Volatility Surge

When Fear Leads Reality: Inside 2026’s Volatility Surge

By Fang Lunt | March 26, 2026

Equity implied volatility has diverged sharply from realized volatility in early 2026. The S&P 500 Index’s 30-day implied volatility has climbed above 23%, nearly double the level observed at the start of the year, even as the …

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