• Pioneers in the high yield market
  • Headquartered in New York City, with offices in Stamford, CT
    and London, UK
  • SEC registered investment advisor
  • Exclusively focused on high yield companies
  • Independently owned by 18 senior team members and one director

Philosophy & Style

  • No style drift: manage money conservatively and defensively under all market conditions
  • Structured and disciplined investment process
  • Bottom-up, fundamental credit analysis
  • Intensive credit research utilizing internally-developed proprietary tools
  • Culture of compliance and tight risk controls


  • Preservation of capital is our highest priority
  • Generate superior, risk-adjusted returns over a full credit cycle
  • Zero tolerance for defaults and restructurings
  • Lower volatility than the stated benchmark