MONEY MANAGEMENT: Brandes puts muscle behind its bond push; Traditional equity firm applies bottom-up investing style to fixed-income offerings.(Brandes Investment Partners Inc)

Pensions & Investments, November, 2006

Byline: Cecily O'Connor SAN DIEGO - Brandes Investment Partners LP, a firm best known for equity management, is on a quest to bulk up its fixed-income business. The San Diego firm is trumpeting four domestic fixed-income offerings as part of a major push to expand beyond its $109 billion, capacity-constrained equity business.

"In the U.S., (fixed income) is undoubtedly the big effort,'' said Barry Gillman, director of portfolio strategies. That might seem counter-intuitive to pension fund executives who are reducing bond allocations because they think the flat yield curve makes it hard to find opportunities in fixed income. But Brandes doesn't think that will be a problem, Mr. Gillman said. All but one of the privately owned firm's 15 equity...

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