The Mutual Advantage

Fixed-Income Specialists
Guiding with Confidence Through All Markets

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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

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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

From Power to Pressure: GPs Beginning to Discount their Management Fees

From Power to Pressure: GPs Beginning to Discount their Management Fees

By Trevor Williams | February 12, 2026

By the late 1970s and early 1980s, the 2% management fee had become the standard for private equity funds because it was, quite simply, what early firms needed to cover their operating costs. In the early years of private equity, funds w…

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