Structural (High Credit Quality/Low Liquidity)
Strategy
- Investments involving significant structuring and quantitative risk analysis and unusual, complex, or out-of-favor securities with sparse participation from banks and other alternative investors
Characteristics
- Derivatives and synthetic products
- Floating rate and failed auction rate securities
- Structured notes
- Typical investment horizon of 12 to 24 months
Fundamental Advantage
- Comprehensive knowledge of trading derivatives and structured credit
- Strong quantitative and structuring skill set
- Unique, flexible mandate that can accommodate off the run products