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 optionality. 

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 opportunities.

Portfolio Manager

The Asset Based Opportunities strategy is led by David Schiff.