Long / short European leveraged finance credit strategy
Our low volatility, high pure alpha strategy invests in the
best yield per unit of risk short duration high yield asset class
with a zero beta duration times spread hedged exposure
-
Well established strong partner relationships with key industry ‘drivers’, including sell side and buyside, rating agencies and news creators. Setting the industry agenda and priorities via multiple board representations.
-
Edge in proprietary research, data analytics and quantitative models. Systematic approach to process knowledge drawn from over 20 years experience and deep specialized knowledge in High Yield bonds and CDS. Gain insights and identify opportunities from privileged yet public data for long/ short credit, event-driven, and relative value investing.
-
Agility and flexibility to adapt to changing market conditions without market drag or portfolio impact. Ability to seize opportunities and adjust strategies.
The liquid strategy generates +8% cash monthly, with holdings from a diverse and large publicly traded market. The fund capacity is over +€2 billion
-
Controlling downside risk is the key source of alpha. Continuous portfolio rebalancing for zero duration times spread (DTS). The robust risk management framework includes stress testing, scenario analysis, and independent oversight.
Our Edge
Market Opportunity
Analysis indicates that the short-duration high-yield asset class offers the best yield per unit of risk relative to all other fixed-income asset classes. This is because, in addition to higher returns, it has half the systematic volatility.
Pull to Par, Maturiy Wall, and Spread Decomposition are three of the current thematics making high-yield the an attractive asset class in our view.
Team
Innovation and diversity and are key sources of investment performance and thought leadership
The Aucit team combines years of experience and a range of backgrounds
