Halyard Asset Management LLC

Halyard Asset Management provides investment advisory and sub-advisory services focused on fixed income and foreign exchange strategies, managing separately managed accounts as well as an exchange-traded fund and two UCITS funds. Its clients include a mix of high net worth and non-HNW individuals, pooled vehicles, investment companies, pension and institutional clients, charitable organizations, corporations and certain foreign investors, and it manages roughly $2.03 billion for a small number of advisory relationships.

The firm’s investment process is research-driven and combines top-down macro analysis with bottom-up security selection across fixed income sub‑categories, and it has broad discretionary authority under each client’s governing documents. Halyard may employ derivatives in separately managed accounts for hedging and, at times, speculative purposes, and it tailors mandates to each Managed Account while following prospectuses and sub‑advisory agreements for pooled vehicles.

Notable features compared with peers include active portfolio management for investment companies and pooled vehicles (the ETF and UCITS funds), an ownership and business relationship with a registered commodity trading advisor that refers clients to Halyard, and the firm’s use of endorsements and advertised performance in its marketing. Halyard also serves a relatively uncommon mix of client types — including other investment advisers, significant non‑U.S. clients, and corporate and charitable clients — while not acting as a private fund adviser.