a different focus
Most high yield managers are competing to beat traditional high yield indices or buying longer-dated bonds in search of higher yields, we focus on short duration investing.
Credit quality easier to analyze over the shorter term rather than the longer term.
Short duration securities may help insulate against the risk associated with rising rates.
Focusing on income generation rather than total return capture.
a different style
Downside protection coupled with upside capture.
We do not “buy-and-hold” - we adjust our positions dynamically to market changes.
Our investable universe includes other security types that may have similar return profiles - providing for diversification and better relative value.
a different team
Focused team conducting intensive bottom-up fundamental research.
A unique understanding of the nuances specific to short duration high yield investing.
Strategic identification and evaluation of investments due to experience in short duration market.