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Products
Fixed Income Philosophy
Berkshire actively manages high quality, intermediate term fixed income portfolios. We believe the role of fixed income in a portfolio is to provide safety of principal, periodic cash flow, liquidity and most importantly, control portfolio risk.
Active management of interest rate and credit risk
 Intermediate term focus
Minimize credit risk (A rated or higher)
Forecast various interest rate scenarios
Simulate portfolio returns at multiple durations for various interest rate scenarios
Position portfolio's duration to maximize return for a client's level of risk
Lengthen / shorten duration and structure portfolio characteristics based on expectations for interest rates
Relative value analysis of bond market sectors
Yield curve analysis and its relationship to portfolio construction (bullet, barbell, or ladder)
Individual security analysis (quality, yield, premium or discount, call features)
Client considerations
Time horizon
Liquidity requirements
Tax situation (tax-free or taxable)
Preferences or unique constraints
Trading
Competitive bids/offers through various brokerage firms
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