Capital Structure Arbitrage,


Fund Investment Objectives

Our approach is to generate absolute returns by taking advantage of the valuation, credit, volatility and interest rate discrepancies. Different components of a company's capital structure are sometimes priced differently because holders are motivated by different investment needs. The degree of mispricing can be modeled and measured without regard to market sentiment. Events, which can be analyzed, change the relative value of these components. The main drivers of the capital structure arbitrage returns are catalysts effecting equity valuation changes, credit quality changes and volatility under/over valuation. AUM is not provided.