Long duration bonds occupy a unique place in institutional portfolios — offering liability matching, capital preservation, and meaningful income, but demanding active skill to navigate through rate cycles, spread regimes, and shifting market structure. This session offers an inside look at how a practitioner navigates the full long duration spectrum, from government and provincial bonds to long corporate credit, using a broader toolkit than conventional bond management. Participants will explore how multiple, uncorrelated return drivers can be combined to generate diversified alpha while managing downside risk.

Drawing on real portfolio construction examples, the session examines TCC's active long duration strategies, with a focus on how the investment process is designed, how risk is embedded and what that framework means for institutional allocators evaluating long duration mandates.

Within this universe, long corporate credit presents some of the most compelling, and most misunderstood, opportunities. Tight credit spreads, concentrated benchmarks, and high transaction costs create a persistent gap between investor expectations and market reality that traditional factor tilts alone cannot bridge.

Attendees will leave with a clearer framework for assessing active long duration managers and a more grounded view of where and how alpha can realistically be captured in this market.