For the past 15 years the Corporate Credit team at Absalon Capital has focused on a unique approach to global credit investing which focuses on potential opportunity and not index positioning.
The Corporate Credit Team was formed in 2006 and is based in Copenhagen, Denmark. The team owns 35% of the equity of their business which ensures an alignment of interests between the team and investors.
We believe in active bottom-up bond selection. We ignore index weightings and instead focus on identifying undervalued bonds irrespective of their sector or geography. Our portfolios will deviate substantially from an index orientated approach.
Historically our strategies have delivered superior returns relative to a passive or index orientated approach with significantly fewer defaults.
4 May 2022
The concept of value investing is well understood in equities but often misunderstood in credit markets. In equities value is often considered in absolute terms; in credit markets value is commonly viewed in relative terms. An undervalued bond is one that trades at a wider spread relative to similar rated bonds.
21 April 2022
Investors can improve the risk/return profile of their Emerging Market Sovereign Fixed Income portfolios by including EM Corporate Bonds. Diversification will increase, rate sensitivity will fall, and the Information Ratio should rise as it has done historically.
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