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