Firm Overview
- Declaration was formed in 1989 in McLean, Virginia
- Offices in McLean, VA and New York City
- Assets Under Management as of 6/30/10: $10.9 billion
- Senior investment team has worked together on average for more than 10 years
- Areas of Skill: Structured Finance / Corporate Credit / Commercial Real Estate Debt
- Bottom up process with active risk focused at the security and sub-sector level
Strategies and Products
- Absolute Return and Total Return Bond Strategies
- Active Core and Limited Term
- LIBOR Plus and Enhanced LIBOR Plus
- Enhanced Equity
- Distressed Debt
- Long Duration / Liability Driven Strategies
- Structured Finance and Corporate CDO
- Beta Overlay Management
- Commercial Real Estate Debt
Investment Style
DMR is an institutional asset manager with experience in corporate credit, structured credit, MBS, credit derivatives, distressed and special situation securities and commercial real estate debt. Across the spectrum of products, we emphasize deep credit work and bottom up asset-specific analysis. The security selection investment process is driven by a close integration of fundamental credit research, input on trading technicals and quantitative analysis.