Wealth & Finance International - Fund Awards 2015

www.wealthandfinance-intl.com 29 Altum Capital Management, LLC Recognised Leader in Opportunistic Distressed Structured Altum’s investment team has approximately 20 years’ experience on average trading structured credit products through various market cycles. Moreover, Altum’s CIO, Marjorie Hogan, has had over 22 years trading experience in structured products. Through a detailed, analytics-based approach, they seek opportunities, using no margin borrowing, that add value using techniques tailored to specific products and points in the market cycle. We spoke to them to find out more. Company: Altum Capital Management, LLC (“Altum”) Name: Megan Cruse, Director of Marketing & Investor Relations Email: [email protected] Web Address: www.altumcredit.com Address: 681 Fifth Avenue, New York, NY 10022 For the past six years, Altum’s opportunistic relative value strategy has been to trade nimbly across structured credit market sectors including CLOs, RMBS, CMBS, and other ABS in both Europe and the U.S. We focus on distressed, higher yielding and difficult to analyse sectors where there is reduced competition and the greatest potential on a relative value basis. The investment team searches for unique and poorly understood oppor- tunities within the structured credit space. We look for securities with attractive positive convexity properties, and try to move into new sectors as opportunities arise. Finding the most attractive opportunities in which to invest requires us to stay nimble within our investment mandate while we pursue attractive risk-adjusted returns and seek to preserve capital. We have built sophisticated models and analytical systems for different types of structured products, which we think provide a trading edge in these complex markets and an advantage over most competitors. The U.S. and European loan markets have recently been characterized by strong demand, with many loans repricing tighter, or being pre- paid. Such events typically reduce the cashflow to equity tranches, as managers are forced to reinvest proceeds at tighter spreads. Altum s proprietary models incorporate the effects of potential future tightening as well as widening markets on tranche valuations. We like uncompetitive markets where assets can be overlooked and undervalued. One of the major developments in our industry is that a lot of the larger structured product firms have largely been leaving the space we traffic, so we are enjoying less competitive markets. We are adding compelling alpha opportunities and finding interesting securities within the European structured credit space and continue to do so for our clients. A large portion of Altum s success can be attributed to the investment team which is composed of senior and expert traders. CIO, Marjorie Ho- gan, has been managing assets for the strategy since 2009, and started her career on Wall Street in 1985. The majority of the investment and quantitative team hold PhD degrees in the math and sciences, with over 100 years of combined experience on Wall Street. Altum has dedicated teams in New York and London, and we will seek to find new and unique opportunities in Europe where we think the best opportunities currently reside. We use the resources of both locations to take advantage of the universe of options, and we will continue to build out our expertise to maintain the edge that we have in the European region. This award was given by Wealth & Finance, a financial magazine which is independent from Altum. The award was determined by Wealth & Finance magazine based on a combination of votes gathered from their network of respected industry partners and their rigorous in-house research. Past performance is not indicative of future results. This is not an offering or the solicitation of an offer to purchase an interest in a fund. Any such offer or solicitation will be made to qual- ified investors only by means of a final offering memorandum, which contains important information (including investment objective, policies, risk factors, tax implications and relevant qualifications) and only in those jurisdictions where permitted by law.