Our investment objective is to achieve superior risk-adjusted returns over a multi-year period through all phases of the market cycle. We focus on exploiting dislocated equities, stressed and distressed corporate debt, and special situations.
We utilize a deep fundamental approach, look for catalysts to unlock value, and invest opportunistically across the capital structures of companies whose securities we deem to be meaningfully dislocated relative to intrinsic value. Opportunistic investments may be correlated to an economic cycle or may be idiosyncratic in nature.
We focus on businesses and industries within our circle of competence – those in which we have experience analyzing and investing. We believe that we excel at identifying the fulcrum part of the capital structure and seek to maximize the returns for our investment thesis. We believe in concentrating the portfolio in our best ideas and actively assess the ability to exit or liquidate as part of the investment risk evaluation.
Our team has broad investing experience across developed and emerging markets. We deploy an opportunistic risk-taking approach across these markets, deploying capital assertively seeking equity-like returns. We feel that our size enables us to be nimble.