GPS’ fixed income traders are current on major market developments. They maintain daily contact with many primary and regional broker-dealers. GPS provides transparency to secondary market offerings, giving customers a more complete picture of the current market and access to more securities that meet their objectives. Additionally, GPS works closely with its customers to create cross-customer swaps that allow each manager to better reach their investment objectives while decreasing transaction costs.
If the appropriate security does not exist in the secondary market, as a direct underwriter for the Federal Home Loan Bank System, Farmer Mac, Freddie Mac, and Fannie Mae, GPS can create a new security that meets the clients’ needs. The firm also gives its clients access to many corporate and municipal new issues through its national underwriting presence.(See Underwriting)