Breckinridge Capital Advisors (Breckinridge), an independently owned asset management firm specialising in investment grade fixed income investing, is to expand its distribution to institutional investors in Europe.
Headquartered in Boston, Breckinridge will partner with Harrington Cooper, a cross-border distribution provider for asset managers since 2006.
Breckinridge has nearly 30 years of experience developing and executing customised investment grade fixed income strategies for financial advisors, consultants, family offices, institutional investors and high net worth individuals. The Firm has also established itself as an industry leader in responsible investing and was among the first asset managers to begin integrating environmental, social and governance (ESG) metrics with traditional investment execution.
For more than a decade, Breckinridge has leveraged proprietary security analysis frameworks, integrating ESG metrics with traditional fundamental financial measures, intended to provide a better understanding of corporate and municipal bond issuers. The ESG frameworks have played a significant role in enabling the Firm to make more informed investment decisions as it seeks to provide investors with reliable income, consistent returns and capital preservation that they expect from investment grade fixed income strategies. Through this new expansion, European investors will now have access to Breckinridge’s full-suite of investment capabilities, including ESG integration across sector-focused, multi-sector and sustainable bond strategies in customised separate accounts.
“We were among the early practitioners of ESG in the US, particularly in fixed income markets,” says Peter Coffin, President, Breckinridge Capital Advisors. “While some of the largest asset managers in the world today are helping to advance ESG insights, a decade ago and as ESG was just developing, ESG integration was being pursued by a more limited set of investors. At the time, our independent status proved to be an advantage to our efforts. This sentiment rings true today, and we look forward to working with investors in Europe who are eager to have access to our disciplined approach to ESG.”
Over the last 15 years, Harrington Cooper has raised over USD6 billion of assets across more than 20 highly differentiated investment strategies. Their team boasts strong, long-held relationships with some of the most significant wholesale and institutional investors located across the UK and Republic of Ireland, Continental Europe and Japan. Breckinridge will be Harrington Cooper’s only distribution partner that specialises in investment grade fixed income and ESG integration.
“Breckinridge is exceptionally unique in its offering,” says Harry Dickinson, Managing Partner of Harrington Cooper. “We’ve seen a gap in adoption of ESG among fixed income managers in Europe, and Breckinridge is very well-positioned to serve clients in an effective and authentic manner considering their deep experience in ESG.”
“We’re thrilled to partner with Harrington Cooper in our expansion into the European market,” says Ognjen Sosa, Chief Investment Officer, Breckinridge Capital Advisors. “We are seeing significant interest from institutional investors in the Europe for sustainable investment grade fixed income solutions that incorporate ESG factors. Further, we believe we are well-positioned to address the regulatory requirements specific to Europe in addition to growing concerns around net zero. Our ability to customise portfolios for clients helps to address their needs.”