Our process is research intensive and highly disciplined. We build a detailed financial model on each high yield company in which we invest.

We do extensive primary company research in order to best understand industry dynamics, company strengths and weaknesses, and asset values.

We emphasize the importance of good management and look for management teams whose interests are aligned with ours.

We carefully analyze bond and loan covenants. We do stress testing to understand the strength of our credits in periods of industry or economic difficulty.

Our investment holdings reflect our most attractive risk/return alternatives as identified by our disciplined credit research process. This thorough investment process, coupled with our attention to portfolio diversification, enable us to control risk while maximizing return.