Strategic Income Management

What Strategic Income Management does

Strategic Income Management (SiM) is an independent, 100% employee-owned investment management firm founded in August 2010 and headquartered in Seattle, Washington. The firm specializes exclusively in high yield fixed income portfolio management, employing a single, high-conviction, index-agnostic investment philosophy that has been applied for 25 years. SiM's process focuses on 80-110 issuers selected from the broader universe of more than 1,000 high yield names, combining core positions in highly leveraged companies with justified returns, out-of-favor opportunistic positions, and small-cap issuer allocations that target an additional ~100 basis points of coupon. The team is led by President and CIO Gary Pokrzywinski, CFA (30+ years of investment experience) and Co-Lead Portfolio Manager Ryan Larson, CFA, CAIA (15 years), supported by a six-person team of CFA-credentialed portfolio managers, traders, and analysts.

SiM's go-to-market is institutional-only, targeting public pension funds, insurance companies, and sub-advisory relationships with mutual fund complexes. The firm sub-advises the American Beacon 40-Act registered mutual fund (Ticker: SHOYX), which Morningstar ranked in the top decile across 3-, 5-, and 10-year periods as of 12/31/2024, and a separately structured UCITs fund that provides non-US investor access. As of March 31, 2025, the firm managed approximately $2.9 billion in assets in its High Yield Strategy. Distribution is conducted through direct institutional outreach and via these fund-complex partners, with the corporate website serving as the primary marketing surface.

The firm's business model is a standard institutional AUM-based management fee structure billed monthly, with no disclosed performance fee component and no publicly available fee schedule. SiM holds no external funding and operates without a parent company; ownership resides entirely with employees, of whom the six principals have remained with the firm since founding or shortly thereafter. Compliance infrastructure includes CCPA and GDPR privacy notices, a published UNPRI Disclosure, and standard SEC investment adviser disclaimers. There is no evidence of proprietary technology beyond standard investment management tooling, and SiM does not disclose any AI/ML-driven research capabilities; investment decisions are described as rooted in rigorous fundamental credit research.

Name

Strategic Income Management

Legal name

Strategic Income Management, LLC

Website

https://sim-llc.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Strategic Income Management (SiM) is an independent, employee-owned Seattle-based investment firm managing approximately $2.9 billion in a high yield fixed income strategy for institutional clients, including public pension funds, insurance companies, and sub-advisory mutual fund relationships.

Ownership category

akta.pro rank

Product category

Institutional Fixed Income Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Sector / Total Return Fixed Income (FSAAAHAJ)

akta.pro secondary industries

Distressed Debt & Special Situations (FSAAAHAI), Private Credit — Distressed & Opportunistic Credit (FSAHAJAG)

Keywords

• High yield fixed income
• Institutional asset management
• Portfolio management services
• Investment management
• Sub-advisory services

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Management Fees: AUM-based management fees from managing high yield fixed income portfolios for institutional clients including pension funds, insurance companies, and sub-advisory relationships.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Strategic Income Management (SiM) is an independent, employee-owned investment firm that manages high yield fixed income portfolios for institutional clients. The firm offers its SiM High Yield Strategy, a high-conviction, index-agnostic approach that selects 80-110 issuers from over 1,000 in the high yield universe, utilizing core positions in leveraged companies, out-of-favor investments, and small cap issuers. The firm manages approximately $2.9 billion in AUM as of March 2025 and also serves as sub-advisor for the American Beacon SHOYX mutual fund and a UCITs Fund.

Product overview

Strategic Income Management (SiM) is an independent, employee-owned investment firm offering a unified high yield fixed income investment strategy. The core offering is the SiM High Yield Strategy, which has been utilized for 25 years to manage high yield portfolios with approximately $2.9 billion in AUM as of March 2025. The firm also sub-advises the American Beacon SHOYX mutual fund and manages the SiM High Yield Opportunities Fund. All offerings are built around the same differentiated, high-conviction, index-agnostic investment philosophy that selects 80-110 issuers from over 1,000 in the high yield universe, utilizing a combination of Core (leveraged companies with justified returns), Out-of-Favor (market sentiment opportunities), and Small Cap Issuer strategies.

Differentiator

Problem solved

Functional benefit

Products and services

• SiM High Yield Strategy The firm's primary high yield fixed income investment strategy, guided by a long-term perspective rooted in rigorous fundamental research. The strategy emphasizes high-conviction, index-agnostic investing with focus on durable industries and opportunistic out-of-favor investments, managing approximately $2.9 billion in AUM as of March 2025.
• American Beacon SHOYX (Sub-Advisory) SiM serves as sub-advisor for American Beacon's US 40-Act registered mutual fund (Ticker: SHOYX), which ranks in the top decile in performance across 3-, 5-, and 10-year periods per Morningstar as of 12/31/2024.
• SiM High Yield Opportunities Fund A high yield fund featuring a differentiated approach to high yield investing that is high conviction, index agnostic, and counter cyclical.
• UCITs Fund Sub-Advisory SiM provides sub-advisory services for a UCITs Fund, extending their high yield strategy to non-US investors through the UCITs fund structure.

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• American BeaconcoreChannel Partner/ Reseller/ DistributorSiM serves as sub-advisor for American Beacon's US 40-Act registered mutual fund (Ticker: SHOYX), which is top decile in performance across 3-, 5-, and 10-year periods per Morningstar as of 12/31/2024.
• UCITs Fund (unnamed)coreChannel Partner/ Reseller/ DistributorSiM provides sub-advisory services for a UCITs Fund, extending their high yield strategy to non-US investors through the UCITs fund structure.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Market position

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/strategic-income-management-llc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Strategic Income Management