Founded in 2012, Robinson Capital Management employs both fundamental and tactical techniques to select and manage the two funds they sub-advise. The company specializes in traditional and alternative fixed income investing strategies. These approaches often employ closed-end mutual funds that offer the potential to generate higher cash flow yields while providing low correlations with stock and bond markets.
The two Liberty Street funds sub-advised by Robinson Capital provide access to a diverse portfolio of bonds by investing primarily in closed- end funds. The strategies aim to provide a competitive level of income while seeking to mitigate against certain mark risks through the implementation of strategic hedges.
Closed-end funds are a key component of Robinson’s approach because they may offer opportunities to purchase bonds at a discount to their net asset value. Their strategies, in turn, may generate both capital appreciation and additional shareholder income. Robinson Capital also values closed-end funds because they frequently offer higher liquidity than owning bonds directly.