Opportunistic High Yield

Inception Date:

Investment Philosophy

The objective of the Opportunistic High Yield strategy is to generate residual returns through tactical allocation of capital toward the optimal risk-return opportunities available in the high yield market. The strategy has a track record spanning over 20 years, generating alpha over the ICE BofA High Yield Index.

Differentiated profile characteristics of the Opportunistic High Yield strategy:

  • Focus on Single-B and above credit quality rated bonds with tactical investing in sub B-rated, stressed, distressed, and convertible bonds
  • Identify relative value and upgrade candidates where return opportunity exceeds risk of downside loss
  • Detailed covenant review, including change of control