Capital preservation, liquidity and total return permeate all decisions.
 
At Merganser, we believe that in an inefficient over-the-counter market, our active fixed-income management process can provide consistent excess returns. As fundamental investors, we endeavor to understand the intricacies of fixed-income vehicles in order to identify the securities and sectors that provide the most attractive risk/reward characteristics. Succeeding in this endeavor has allowed us to meet the needs and objectives of our clients and gain their trust.