GLG Global Credit Opportunities

GLG Global Credit Opportunities is an actively managed long/short credit strategy with a differentiated process, investing opportunistically across the entire performance spectrum of credit.

  • Run with a total return objective and aims to deliver strong risk-adjusted returns over the cycle
  • It has a global mandate and is run with a concentrated portfolio, focusing on special situations and distressed investments
  • Managed by a team with a wealth of experience investing in credit opportunities across the spectrum, with deep expertise investing across the capital structure including bonds, loans, CDS and post-reorg equities
  • A high conviction strategy seeking to generate alpha through a concentrated portfolio of names, focusing on highly idiosyncratic positions across a broad range of opportunities

Approach

The team focuses on a bottom-up approach with a repeatable data driven investment process, which includes dynamic selection to enable the strategy to position itself across regions and sectors.

A high conviction strategy and the team seeks to generate alpha through managing a concentrated portfolio of names, focusing on highly idiosyncratic positions across a broad range of opportunities.

Seek to develop an in-depth understanding of issuers as well as their supply chains, financing, revenue streams, customer bases, manufacturing processes, research and development, governance and management styles.

Multiple fundamental factors considered in the credit analysis including sustainable free cash flow, leverage, fixed charge cover and debt-to-enterprise value ratios are assessed on both an historical and forward-looking basis to derive how future credit quality may evolve.

Thematic approach to assess the macroeconomic backdrop, considering consumer trends, technology, demographics, regulation and other secular drivers that may impact the investment landscape at a regional, country, sector or issuer level.