The strategy invests in targeted asset based opportunities
across a broad spectrum of real and financial assets with an
emphasis on capital preservation, generating cash flow from assets
purchased at attractive current cash yields and equity-like upside
Assets targeted for investment are real assets, including rail
cars, aircrafts, vessels, working interests in oil and gas, and
commercial real estate and financial assets, including auto loans,
credit card loans, franchise loans and equipment lending, small
business loans, and other consumer assets.
The strategy seeks to uncover mispriced asset based investment
opportunities through fundamental analysis and in-depth
understanding of asset valuation. Current market dislocation,
including illiquidity, repricing of assets, deleveraging, and
regulatory changes, create compelling asset based investment
The Asset Based Opportunities strategy is led by David Schiff.