The Mutual Advantage

Fixed-Income Specialists
Guiding with Confidence Through All Markets

Learn More

We are committed to serving the institutional marketplace by offering fixed-income investment solutions with client-focused services.

These solutions are accessible through separate accounts, sub-advisory relationships and various commingled vehicles.

With over $42 billion in assets under management as of December 31, 2025, we are dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process.

Our Firm & Culture

People pointing at laptop

Our tailored investment strategies incorporate a unified investment philosophy and process across the fixed income risk spectrum.

Experience, Performance and Stability

29 Investment Specialists & Professionals
37 Year Track Record as an Independent Business
$42.3B Assets Under Management
  • $33.0B Insurance
  • $1.3B Separately Managed Accounts and Pooled Vehicles
  • $8.0B Manager of Managers
As of December 31, 2025

Thought Leadership & Market Insights

2026 Economic & Market Outlook

2026 Economic & Market Outlook

January 16, 2026

As we embark upon a new year, the PMAM team extends its sincere wishes for a healthy and prosperous 2026. The defining theme for the year will be strong support from key macroeconomic policy drivers. Fiscal, monetary and regulatory polic…

Read full Article