Driven by strong fundamental analysis Seek to exploit unsustainable price relationships during market dislocations.
Identify unsustainable capital structures Screen and sort the financial data of hundreds of capital structures daily.
Structure asymmetric hedged positions Seek to build a robust portfolio that can perform across market environments with an emphasis on managing tail risk.
Apply a lower-leverage, highly active approach to traditional arbitrage Enforce position-level evaluation, seeking to focus on attaining both upside capture and downside protection during market stress.
Target convex returns Focus on near-term catalysts and vigilant position identification.