Investment Approach
We are event-driven value investors.Our approach is systematic and event-driven. Our funds make debt and equity investments based on specific screening of corporate dislocation events, with a focus on cash flow generation and sustainable value creation. Our process aims to identify the best risk/reward relationships within a company’s capital structure for long positions and the worst risk/reward relationships for short positions. We bring a disciplined, cash flow-oriented and credit-focused approach to investing across a given capital structure to achieve the best risk-adjusted return. |
Vigilant risk management is a key component of our approach to creating long-term wealth. Risk is managed through position size limits, options protection, market hedges and limits on leverage in our portfolio and our underlying investments.
|
Asset Classes
Event-driven Equities: Our equity investments consist primarily of common stock of public companies in one or more of the following broad categories:
|
Credit: We have an actively managed "total return" approach to credit. Our investments tend to be larger issues that are relatively senior in the capital structure with low equity risk and short duration.
|