Overview
Brandywine Global Investment Management has built up significant experience across global fixed income and US equity strategies. Founded in 1986 by a group of highly experienced portfolio managers, the firm has been a wholly owned affiliate of Legg Mason, Inc. since 1998 but operates independently, being headquartered in Philadelphia with satellite offices in Chicago, San Francisco and Singapore.
Brandywine pursues one investment approach: value investing. Through practical experience, Brandywine has determined that value-style investing — whether in equity or fixed income markets, can provide excellent risk-adjusted returns over full investment cycles, and it is a particularly important strategy in today's global markets.
Philosophy
Global fixed income
Brandywine believes it can seize opportunities and aim for long-term returns through strict adherence to its value-driven process by concentrating portfolio assets in countries and currencies that meet its definition of value. Brandywine will avoid constructing portfolios that mirror the benchmark on the basis that a country weighting in a benchmark is not reflective of the value of the underlying fixed income market.
As a result, when looking at fixed income markets, Brandywine will focus on:
- Investing in bonds with the highest real yields
- Manages currency to increase returns
- Rotating among countries to find the best value in fixed income markets around the globe
- Controlling risk through the purchase of undervalued securities.
Brandywine Global Investment Management (Brandywine) is affiliated with Legg Mason Investments through common control and ownership by Legg Mason, Inc. Legg Mason Investments provides its clients with access to Brandywine primarily through its Dublin and Luxembourg domiciled funds, in which Brandywine serves as investment manager.