Our investment process utilizes a range of strategies to exploit fundamental and technically driven valuation anomalies in the credit markets.  These trading strategies use a broad array of techniques developed by our Principals over the course of their careers in credit management, and have been constructed to take advantage of the opportunities afforded to managers with superior credit research and execution skills.  The strategies are designed to benefit from a range of poorly correlated idiosyncratic (company or industry-specific) and systematic (market-level) risk and return factors.

We have constructed our investment process to earn a significant portion of its alpha through the harvesting of return opportunities at the security level.  Our credit research is designed to support this effort through the rigorous analysis of individual issuers and the key drivers of their ability to cover their debt obligations.  Our goal is to isolate idiosyncratic drivers of company performance to determine attractive entry and exit points.

We believe strongly that proper fund management requires a thorough understanding of the various risks being present in the portfolio at any given time.  Measuring these risks appropriately assures that we assume the desired risks while mitigating those that are unwanted.   We have assembled a mixture of proprietary and best-of-class third party models to assist us in this process.