WHY CHOOSE US

Idiosyncratic opportunities are rising in an increasingly late-cycle market exhibiting rising dispersion and periodic bouts of volatility. Such a backdrop requires a dedicated portfolio approach and asset class flexibility to exploit the opportunity set, navigate market stress and deliver uncorrelated returns.

Once we have identified an opportunity and analysed it thoroughly, we consider how best to implement it by choosing our preferred investment instrument. Our primary focus is on credit. But our remit is flexible, so whether we are investing in the long or short side, we can use high yield bonds, financials, CDS or equities to achieve our objectives.

Most hedge funds are set up to target double-digit returns, which they need to justify high fees. But few consistently achieve performance targets and often take significant credit, leverage and/or liquidity risks trying to achieve performance goals. And we believe there is a fundamental flaw in many credit funds’ model: Only being able to short credit (and not equities) means most funds are not maximising the opportunity set at many points in the economic and credit cycles.

A mid-to-high single-digit return target is realistic and right for investors in our Credit Events Fund. We believe this is achievable and sustainable with a concentrated but balanced risk approach. Meanwhile, our fees are competitive.

We utilise a real-time quantitative flagging tool – AEH Markets flags platform as part of our investment process. Cavendish Capital Markets model equity, credit, and fixed income asset classes (both cash and derivative) – we believe this is rare in the UCITS market.