Our philosophy
Our philosophy focuses on the belief that applying a long-term perspective and a corporate finance-oriented approach to credit market investment analysis can lead to superior risk adjusted returns.
We express our views through a dynamic approach to corporate credit, that we believe combines specific credit selection, tactical moves to different parts of the credit market as opportunities develop, and varied exposure based on yields and prospective forward returns.
Credit selection: We look to identify businesses that in our opinion have strong and improving fundamental quality - consistent and predictable cash flows, durable business models, understandable management decisions, growth in asset value, potential for ratings upgrades.
Tactical approach: We strive to be flexible - seeking bonds, loans and related securities, strategic income/event driven/sector based opportunities.
Capital allocations: We look for opportunities that reflect prospective return opportunities – we prepare and deploy when we believe external events provide attractive levels: rate moves, investor flows, macro events.