Investment Focus. Transparent Risk.

Founded in 2008, Ardea IM is one of Australia’s most recognised specialist relative value fixed income investment managers. Our global client base ranges from the largest institutional investors and asset consultants, to a diverse range of wholesale and retail clients.

Ardea IM’s highly differentiated pure relative value (RV) investing approach offers a compelling alternative to conventional fixed income investments because it is independent of the prevailing interest rate environment and broader bond market performance.

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Leadership Team

Our high quality investment team is experienced and made up of individuals with varied backgrounds, capturing the balance, breadth and resources of a large investment house while retaining the investment focus and agility of a boutique.

Stephen Clout

Chief Executive Officer

Ben Alexander

Co-Chief Investment Officer

Gopi Karunakaran

Co-Chief Investment Officer

Dr Laura Ryan

Head of Research

Cameron Shaw

Portfolio Management & Regional Head, UK

About Ardea IM

Ardea Investment Management (Ardea IM) was established to provide clients with a unique fixed income alternative. Founded by four experienced investment professionals, our goal was to create an environment where there were no constraints to delivering investment excellence. Accordingly, at Ardea IM, we have created an environment that is purely investment focused and dedicated to generating consistent returns for investors.

Our boutique structure and unique investment process enable us to tailor investment solutions to suit our investors’ needs and target delivery of consistent alpha with consideration of our clients’ risk expectations.

Latest Insights

Read our latest updates on global and Australian markets, as well as insights into fixed income investing.

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April 1, 2025

The Evolving Landscape of Fixed Income Investing

Ardea IM explore how relative value can add diversification to core investment grade credit portfolios by adding to relative value with uncorrelated returns and effective portfolio diversification.

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January 24, 2025

Rethinking Portfolio Diversification: Why Relative Volatility Outweighs Correlation

Dr Laura Ryan’s research challenges the traditional reliance on correlation for diversification, emphasising that relative volatility and volatility predictability are more critical metrics for effective risk reduction.

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January 20, 2025

Protection from ‘unknown unknowns’

Named after Janus, the Roman god often depicted with two faces (one that looks to the past and one to the future), January is the month of new beginnings. The month we put lessons from the past year into action and the month we navigate the economic predictions for the year ahead.

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November 21, 2024

Restoring (and retaining) balance

With Trump trades flooding the equity market in the run up to the US elections; a sell-off in the treasury […]

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