Distressed Securities Advisors

The Distressed Securities Advisors seeks to provide superior risk-adjusted returns while emphasizing capital preservation by investing primarily in distressed and defaulted debt securities and related equities, with an emphasis on smaller, less efficiently traded issues. The team’s philosophy is to build a portfolio designed to earn absolute returns throughout a full distressed cycle, and provide excess returns when the markets become stressed. 

We look to add value through the sourcing of ideas, trading, and the identification of intrinsic value through fundamental, bottom-up research. We look to gain a competitive edge and benefit from our relationships, resources, and reputation. Our approach is as follows: Focus on Smaller Capitalization Debt Securities; Focus on Asset Rich Companies or Issuers with Sustainable Cash Flows; Risk Minimization Over Maximum Returns; Search for Value Across the Entire Balance Sheet: Bank Debt, Bonds, Other Obligations, Equities; Defaulted Securities and Liquidations; Historically Provided Solid Absolute Returns with Low Volatility and downside Protection; Excess Returns Generally Follow Periods of High Default Rates; Focus on Out-of-Favor/Under-Appreciated Industries