Technical (High Credit Quality/High Liquidity)
Strategy
- Opportunities driven by the concentration of passive, long only, tax-exempt investors, undercapitalized dealer community, new issue supply imbalances and changes in interest rates, market momentum and volatility
Characteristics
- Secondary and new issue dislocations
- Basis trades
- Cross-asset relative value
- Typical investment horizon of less than 6 months
Fundamental Advantage
- Extensive trading experience in liquid markets
- Deep understanding of catalysts for change in momentum and liquidity
- Extensive sourcing network