Corporate CDOs
The company manages several synthetic CDOs of corporate credit. Tranches under management range from AAA to first loss and reference predominantly investment grade corporate credits in the US and Europe.
Negative Basis Strategies
The company offers a number of negative basis strategies in fund format and as individual packages which are designed to take advantage of current opportunities. Strategies are designed to lock in the spread differential between corporate bond and CDS pricing and can be positioned to generate windfall profits from early default. CDS counterparty risk is fully collateralised in structures managed by the Company.
