Investment Philosophy

Focus on Corporate Credit

This single-minded focus allows us to harness our energies to help clients achieve what we believe are strong, risk-adjusted returns.

Global Perspective

Our dedicated U.S., European and Emerging Markets investment teams, across public and private debt, combine a global perspective with local knowledge. We manage dynamic portfolios based on both fundamental and relative value considerations.

Lending rather than Securities Trading

We view credit investing as lending money to a company. We look for bonds for which the market is mispricing risk based on our rigorous bottom-up credit research. We constantly assess relative value and dynamically adjust portfolios as risk-return profiles change. This allows us, in our view, to compound attractive interest streams while minimizing or avoiding defaults and credit impairments.