This strategy makes event-driven and special situation corporate investments across the entire capital structure within the context of a secular macro framework. The investment process dynamically integrates top-down macro themes and hedging with bottom-up corporate security selection, using a diverse range of products, instruments and asset classes. This integrated approach has successfully captured many of the defining developments of the recent investment landscape.

The strategy's long-term thematic focus is the movement of capital and balance sheet strength from the developed debtor nations to the developing creditor nations. Corporate investments principally target distressed credit in the debtor economies, and domestic demand driven equity opportunities in the creditor world.

Portfolio Manager

The Distressed Credit and Special Situations strategy is managed by Daniel J. Arbess.