The Developed Markets strategy targets opportunistic credit and special situation investments in the U.S. and Western Europe, with a particular emphasis on off-the-run private securities, and complex capital structures in the public markets.
For more than 30 years the Contrarian team has been focused on identifying the best risk/reward opportunities in complex capital structures in the U.S. and Western Europe.
The Developed Markets strategy seeks equity-like returns with the protection rights of a debt holder, and looks to capitalize on all phases of the market cycle. Investments may include U.S. and European performing debt, special situation securities, trade claims and liquidations, capital solutions, equity and opportunistic shorts.
The Developed Markets team focuses on capital protection by conducting thorough fundamental analysis, applying conservative valuation metrics, diversifying the portfolio among the most compelling global investment opportunities, and strict avoidance of leverage.