• Opportunistic, multi-strategy portfolio targeting approximately 20-25 core positions
  -long or short positions, in cash or derivative format
  
  
• Core competency in the fundamental asset valuation of structured credit instruments across underlying asset types and throughout the capital structure
  -ability to evaluate esoteric assets and complicated, securitization-intensive balance dsheets
• -leverages Contrarian’s entire platform to analyze structured products backed by corporates and real estate
• -collateral analysis and structural expertise form the basis of the strategy
  
  
• Broad network of contacts at dealers and market participants allows Contrarian to source off-the-run exposure
  -most products are traded over-the-counter; some are traded only by appointment
  
  
• Fundamental asset valuation combined with an understanding of the entire global structured credit market minimizes downside risk and maximizes opportunity set
  -ability to anticipate supply technicals and understand interconnections between asset dclasses
  - evaluate event-risk and investment opportunities from structured vehicle unwinds due dto leverage-based or ratings-based triggers

Portfolio Managers: Sinclair Im, Mark Crawley