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Home >> Investment Portfolios >> Alternative Investment Strategies – Credit Arbitrage Funds
Alternative Investment Strategies –
Credit Arbitrage Funds
Gluskin Sheff introduced active credit (non-government bond) portfolios as a response to the "Credit Crisis" that began in 2008, and the opportunities we believe that crisis presented. Our credit arbitrage funds aim to purchase debt securities that possess value and trade at discounted prices and generous credit spreads that we believe reflects undue industry pessimism or substantial discounts to their ratings or long-term outlook. These strategies include a focus on immunizing (protecting against) interest rate risk, which aims to protect capital if interest rates rise (thereby causing bond prices to fall).
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GS+A Credit Arbitrage Fund (inception: 2009)
The objective of the GS+A Credit Arbitrage Fund is to provide positive absolute returns, primarily by holding long positions in liquid, fixed income credit securities, which are predominantly investment-grade rated debt, together with short positions in government bonds and by employing a modest amount of leverage.
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GS+A Enhanced Credit Arbitrage Fund (inception: 2008)
The objective of the GS+A Enhanced Credit Arbitrage Fund is to provide positive absolute returns, primarily by holding long positions in liquid, fixed income credit securities, which are predominantly highly-rated debt, together with short positions in government bonds and by employing leverage.
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