Private Funds

Objective

Seeks high total returns with minimum volatility

Portfolio

Mortgage-backed securities with opportunistic positions in other asset-backed securities, closed-end funds, municipal bonds and small business administration securities, etc.

Strategy

• Pursue out-of-favor, analysis-intensive debt instruments trading in opaque, generally over-the-counter, markets
• Reduce risk by limiting downside possibilities and avoiding directional bets on housing or the economy
• Increase consistency by focusing on high rates of current income
• Enhance return by actively trading, acting as an intermediary and liquidity provider for other market participants

Objective

Seeks maximum risk-adjusted total returns

Portfolio

Mortgage-backed securities with tactical positioning in highly liquid assets and opportunistic positions in other out-of-favor, analysis-intensive debt instruments

Strategy

• Take the Credit Opportunities Fund’s strategy and enhance its total return potential with the tactical deployment of leverage
• Keep volatility down with increased focus on high-quality, liquid assets
• Provide access to large upside by taking advantage of steeper yield curves

Objective

Seeks a high level of current income with total return as a secondary objective

Portfolio

Limited Partnership interests in other private investment funds, Private Credit, including but not limited to: Bridge Loans, Specialty Finance Assets and Hard Money Loans.

Strategy

Originate or purchase senior secured loans, secured by real estate, hard assets, or receivables, in addition to identifying under the radar investment managers specializing in niche credit opportunities that yield superior risk-adjusted returns.