
APPROACH
Multi-strategy approach covers the entire spectrum of emerging markets
MACRO
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Foreign Exchange: Long and short positions in EM currencies via deliverable and non-deliverable forwards and option strategies
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Local Rates: Receiving and paying positions in interest rate swaps, cross currency swaps and interest rate futures, long and short positions in local currency government bonds and futures, both currency-hedged and un-hedged
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Equity: Indices
CREDIT
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Credit: Long and short positions in hard currency bonds issued by sovereigns/quasi-sovereigns and corporates
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CDS: Sovereign and corporate, CDS indices, options on CDS indices
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Public Market Opportunities: Capturing dislocations and fundamental shifts in credit quality in publicly traded debt markets
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Value Recovery Instruments: Issued in lieu of debt which typically have equity-like returns​​​
DISTRESSED / SPECIAL
SITUATIONS
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Typically, high-yielding sovereign, quasi-sovereign and corporate assets, with a focus on debt instruments but not excluding equities
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Strong track record in debt restructurings and work-outs