Absolute Return – European Credit Alpha

The Muzinich European Credit Alpha Strategy aims to generate attractive positive returns in most market conditions. We believe a dynamic strategy that combines long and short positions across a broad investment universe offers the potential for significant alpha generation. This long/short, total-return credit strategy predominantly invests across European credit markets in strong conviction trades. The strategy is based around three main books: Core Long, Arbitrage and Overlay Portfolio. The strategy uses a diverse range of instruments including cash instruments (bullet or callable bonds), floating and fixed- rate instruments, senior, subordinated and hybrid debt, loans and derivatives.

Nothing contained herein is intended to constitute investment, legal, tax, accounting or other advice. Past performance is not an indication of future performance.  Diversification does not assure a profit or protect against loss. Investment process and objectives are subject to change.