Founded in 2008, Ardea Investment Management is a fixed income investment manager with a focus on delivering controlled returns to clients. Their boutique structure gives them the opportunity to tailor investment solutions to suit their investors' needs and deliver consistent alpha within a risk-controlled framework.

Ardea adopts a unique 'relative value' investment approach which targets reliable risk-adjusted returns that are independent of market direction and exhibit low correlation to broader fixed income and equity markets.

The firm maintains majority ownership by its employees to foster both the long-term alignment of interests with clients and the stability of the investment team, which possesses longevity and diverse experience across global fixed income markets.

Ardea's Real Outcome Fund adopts the 'relative value' investment strategy to access a wide range of fixed income return sources that are not affected by the level or direction of interest rates.

The investment approach is based on generating returns from relative value strategies that aim to exploit mispricing between comparable fixed income securities which are related to each other and have similar risk characteristics but are priced differently. The Fund seeks to deliver stable returns that are independent of the broader fixed income and equity market fluctuations.

The portfolio is constructed to achieve risk diversification by combining many modestly sized and uncorrelated relative value positions, so that no single position becomes a dominant driver of overall portfolio risk. Ardea believe this approach delivers more stable returns, with lower risk, compared to portfolios with large directional positions that can overwhelm a Fund's risk/return profile.