(Formerly Hughes Capital Management, LLC)
Structured Product Sector Strategy
Subsector
Identify attractive subsectors - both in and out of the index - relative to our economic views and valuation
Fundamental and Quantitative Screening
Top-down model driven valuation and risk calibration along with bottom-up fundamental analysis on subsector and security level
Select prepayment and credit exposure, issuer, coupon, structure and liquidity for optimal risk/reward profile
Relative value based on loan level and servicer analysis
Portfolio Construction
Primary alpha drivers: excess carry and relative capital appreciation
Include below investment grade where client guidelines allow
Continous monitoring of economy/market to ensure optimal portfolio within the opportunity set
Include below investment grade where client guidelines allow
