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 January 31, 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

30 Investment Specialists & Professionals
37 Year Track Record as an Independent Business
$43.5B Assets Under Management
  • $34.2B Insurance
  • $1.3B Separately Managed Accounts and Pooled Vehicles
  • $8.0B Manager of Managers
As of January 31, 2026

Thought Leadership & Market Insights

When AI Became a Headwind: Dispersion and Rotation in Early 2026

When AI Became a Headwind: Dispersion and Rotation in Early 2026

By Hong Mu | February 26, 2026

The S&P 500 Index has experienced a notable sector rotation this year, marking a clear reversal from the dominant trends of 2023 through 2025. Over the prior three years, leadership was concentrated in growth-oriented, digital-econom…

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