Strategy Overview
An actively managed, multi-sector credit strategy designed to dynamically respond to changing market conditions. The strategy leverages a deeply experienced, unified investment team to source compelling total return opportunities across diversified credit sectors, with a focus on public leveraged finance markets and flexibility to invest in lower-rated securitized market segments.
Our Approach
Employs a disciplined, research-driven approach combining bottom-up credit analysis with macro-driven allocation decisions. The strategy utilizes:
- Rigorous fundamental credit research
- Active management across primary and secondary markets
- Actively managed sector allocation- not a sleeve
Portfolio Composition
- Invests at least 80% in credit and credit-related instruments (including high yield bonds, leveraged loans, structured credit, and asset-backed securities)
- At least 75% in securities rated below investment grade
- Up to 25% in non-U.S. dollar denominated securities
- Strategic use of derivatives for risk management and portfolio positioning
- Geographic exposure: Predominantly U.S. (75%+) with opportunistic global investments