The basis of our investment process is a persistent research endeavor. Drawing from different scientific disciplines and approaches, we are able to derive and distill novel relationships among firms, asset classes, and derivative products that form core elements of our investment strategy.
By synthesizing signal and human intelligence, we focus our research through multiple lenses of analysis. Detailed fundamental understanding of firms, sectors, and markets is married with rigorous quantitative methods that allow our team to uncover value within and across the corporate capital structure and across asset classes.
We are experts in the physics of derivative pricing and the biology of human decision-making. Through detailed understanding of stochastic asset process and corporate capital structure evolution our approach yields a consistent framework for risk decomposition, management and control. We utilize proprietary, real-time systems to identify edge, isolate risk, and drive our portfolio towards strategic capital allocation across our core strategies.
In the context of rapidly evolving market environments, we set the strategic allocation across our core strategies in proportion to their current opportunity. We dynamically and efficiently drive our portfolio towards this strategic allocation through tactical execution and liquidity provision. Each team member is aligned and empowered with the singular goal of optimal allocation and efficient execution.
Diversified portfolio of convertibles that is balanced across sectors, lifecycle, and and parity spectrum.
Relative value strategies within a firm’s capital structure.
Credit, equity, and systematic relative value strategies.
Process-oriented approach across opportunities in liquid distressed, fundamental credit, and special situations.
Systematic, relative value, and discretionary strategies to monetize imbalances across options and volatility markets.
Annual budget to provide support during times of systemic and financial stress.
We are building a world-class organization founded in partnership among our team, investment partners, corporate investments, and service providers.
ethos