Credit

Through dynamic allocation,
re-allocation and diversification among asset types, the firm has identified opportunities across changing market conditions.
Credit - Asset types:
  • High yield bonds
  • Investment grade bonds
  • Leveraged loans
  • Private placements
  • Credit derivatives
  • Distressed corporates
KLS Credit strategy employs fundamental bottom-up research focused on:
  • Asset protection/free cash flow
  • Security structure
  • Management quality
  • Liquidity
Credit strategies actively seek mispriced investment opportunities with specific catalysts. Positions typically fall into the following categories:
  • Idiosyncratic situations
  • Relative value opportunities
  • Floating rate structures
  • Basis mispricing
  • Intra-capital structure