INCOME RESEARCH & MANAGEMENT other names

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Adviser Profile

As of Date:

03/28/2024

Adviser Type:

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Number of Employees:

201 -4.29%

of those in investment advisory functions:

63 5.00%

Registration:

SEC, Approved, 5/1/1987

AUM:

96,989,577,589 8.98%

of that, discretionary:

95,397,349,542 9.73%

GAV:

9,517,566,940 10.80%

Avg Account Size:

105,194,770 7.92%

% High Net Worth:

46.44% -8.61%

SMA’s:

YES

Private Funds:

15

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
93B 80B 67B 53B 40B 27B 13B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Fixed Income Research: The Overlooked Younger Brother of Equity Research? - M&I
02/29/2024

... hedge fund, or a credit rating agency: Table of Contents: What is Fixed Income Research? Equity Research vs. Fixed Income Research Common Myths ...

mergersandinquisitions.com

Watch UBP's Nip on Bond Strategy - Bloomberg
02/02/2024

UBP Head of Fixed Income Research, Asia Anitza Nip discusses the implication of FOMC meeting and her bond strategies. She speaks with David Ingles ...

Bloomberg

Watch HSBC's Major: Rate Outlook Justifies Long Bond Position - Bloomberg
01/22/2024

The next move in rates is down,” says Steven Major, global head of fixed income research at HSBC, as he sees high demand for bonds on certainty ...

Bloomberg

Watch UBP's Nip on Fixed Income - Bloomberg
12/19/2023

UBP's Head of Fixed Income Research, Asia Anitza Nip discusses her latest fixed income strategy and previews BOJ's rate decision.

Bloomberg

Watch HSBC's Major: Bullish On USD, USTs - Bloomberg
12/15/2023

HSBC Managing Director & Global Head of Fixed Income Research Steven Major says he is retaining a dollar bullish view and a bullish outlook for US ...

Bloomberg

UPDATE 2-Euro zone bonds yields rise, Italy worse than its peers
04/09/2021

Euro zone government bond yields rose on Friday, tracking moves in U.S. Treasuries amid doubts about the ECB’s efforts to keep nominal interest rates low. Italian government bond borrowing costs jumped more than their peers on concerns about rising domestic debt and possible delays in the EU recovery fund.

Reuters


Private Funds Structure

Fund Type Count GAV
Other Private Fund 15 $9,517,566,940

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Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
018802AC2 ALLIANT ENERGY CORP $13,542,795 9.00%
298736AL3 EURONET WORLDWIDE INC $13,410,124 9.00% -8.00% -12.00%
30212PBE4 EXPEDIA GROUP INC $12,691,380 9.00% -15.00% -13.00%
647551AE0 NEW MTN FIN CORP $12,877,256 9.00% -13.00% -12.00%
842587DP9 SOUTHERN CO $12,755,900 9.00%
844741BG2 SOUTHWEST AIRLS CO $12,090,364 8.00% -20.00% -21.00%
00971TAJ0 AKAMAI TECHNOLOGIES INC $11,690,025 8.00% -16.00% -10.00%
69352PAS2 PPL CAP FDG INC $11,388,300 8.00%
09857LAN8 BOOKING HOLDINGS INC $10,902,570 7.00% -31.00% -33.00%
345370CZ1 FORD MTR CO DEL $9,043,125 6.00% 4.00% 0.00%

Brochure Summary

Overview

Founded in 1987, we specialize in managing U.S. fixed income portfolios for institutional and private clients, several U.S. fixed income private investment funds, and collective investment trusts for qualified investors. We are privately owned, largely by our employees, and are independent, having no subsidiaries, affiliates, or divisions. All business is conducted at our sole location in Boston, Massachusetts. John A. Sommers, Jr., our Executive Chairperson, is the only person who owns 25% or more of IR+M. We focus our investment advisory business on the U.S. fixed income universe offering clients advice and services on broad and focused fixed income strategies. Please refer to Item 8 below for a more detailed description of Methods of Analysis, Investment Strategies, and Risk of Loss associated with our investment strategies. We continually strive to meet our clients’ individual investment needs by working closely with them to identify and understand their investment requirements to construct
the most appropriate investment solutions. We largely provide discretionary investment management services and work with our clients to formulate suitable investment guidelines and restrictions that align their investment objectives with our investment process. Such investment guidelines and restrictions may include, but are not limited to, the type or amount of securities to be bought or sold, maximum concentration in a sector or industry, minimum quality standards for rated securities, socially responsible criteria, or maximum maturities. We also offer several private investment funds, as well as separately managed accounts, that consider certain environmental, social, and governance (“ESG”) factors specifically aligned with the fund’s investment objective or the client’s values. These may include customized restrictions or minimum ESG ratings requirements. We do not participate in any wrap fee programs. As of December 31, 2022, we managed $86,939,587,924 on a discretionary basis and $2,058,698,966 on a non-discretionary basis.