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Opportunistic Corporate Credit

Seeks to deliver high total returns and current yield with limited duration


Guggenheim Investments has more than $69 billion in total corporate credit AUM. With 120+ investment professionals, Guggenheim’s Corporate Credit team is one of the largest and most experienced in the industry. The Opportunistic Corporate Credit strategy benefits from our leadership in leveraged finance, deep industry research, and expertise in structuring transactions. The strategy invests across the breadth of opportunities generated by our integrated corporate credit platform.

Extensive Research and Deal Structuring Capabilities

The strategy is distinguished by a research- and negotiation-intensive approach that capitalizes on Guggenheim’s substantial sourcing, research, structuring and legal resources. Our ability to actively negotiate covenants, deal structures, and pricing while generating significant levels of transaction fee income mitigates downside risk, has enhanced total return, and enabled the strategy to generate alpha in different market environments. With our broad-based leadership in the credit market, we seek to generate returns from a variety of sources:

  • Higher-yielding, complex and under-followed credits
  • Privately originated loans
  • Stressed and distressed debt
  • Bridge loans and discounted revolvers
  • Post-reorganization and levered equities
  • Enhanced returns by leading transactions and negotiating deal structures


Monetizing Complexity Across Market Environments

The strategy launched during the financial crisis. Our deep research capabilities and stable capital base enabled the purchase of attractive securities at stressed and distressed prices. When concerns about European sovereign debt drove market volatility in 2011, our strong research coverage provided us with conviction to continue to purchase and own attractively valued credits. Today, Dodd-Frank/The Volcker Rule and Basel III regulations and updated leveraged lending guidelines are dramatically reshaping the banking landscape.

Guggenheim is one of the few firms with the resources and relationships with management teams, financial sponsors, and capital markets professionals to actively drive deal solutions in the new banking environment, enabling the strategy to capitalize on this structural shift in the capital markets.

Peer Rankings*

 

Top 1% of Competitor Universe

Opportunistic Credit Returns Since Inception


Related Alternative Strategies


 

Key Investment Professionals

Matthew Bloom

Head of Corporate Credit Research, Corporate Credit Investment Committee Member

Kevin Gundersen

Portfolio Manager, Corporate Credit Investment Committee Member

Thomas Hauser

Portfolio Manager, Corporate Credit Investment Committee Member

Alastair McKeever

Portfolio Manager, Corporate Credit Investment Committee Member

Zachary Warren

Portfolio Manager, Corporate Credit Investment Committee Member


Contact Us

Contact Guggenheim Investments for more information about this strategy or to learn more about our capabilities.

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Important Disclosures

*As of 9/30/2019.  Opportunistic Credit ranking based on gross returns for Guggenheim’s Opportunistic Credit Composite versus 20 competitors in the eVestment Alliance Credit–Corporate Universe. For the last 1-, 3-, 5- and 7-year periods, Opportunistic Credit ranked in the top 65%, 10%, 5% and 1%, respectively, versus 84, 74, 66 and 53 competitors, respectively. Data taken from eVestment Alliance on 10/21/2019. Opportunistic Credit inception date is 9/1/2006.

Guggenheim Investments composite peer rankings represent percentile rankings which are based on monthly gross of fee returns and reflect where those returns fall within the indicated eVestment Alliance (EA) universe. EA provides third party databases, including the institutional investment database from which the presented information was extracted. The EA institutional investment database consists of over 1,500 active institutional managers, investment consultants, plan sponsors, and other similar financial institutions actively reporting on over 10,000 products. Only information regarding full year performance and rankings is presented as Guggenheim Investments believes performance for a full year period is an important factor. Additional information regarding EA rankings for year to date and since inception performance of the composites is available on EA’s website. Please see the disclosure page for more information about the rankings presented above.

Past performance is not a guarantee of future results. Investing involves risk, including the possible loss of principal. There is no guarantee that any investment strategy will achieve its investment objectives or is suitable for all investors. Diversification does not ensure profit nor protect against loss. Every asset class is subject to various risks that affect their performance in different market cycles. Fixed income investments are subject to certain risks including market, interest-rate, issuer, credit, and inflation risk. Equity investments are subject to market risk or the risk of loss due to adverse company and industry news, or general economic decline. Alternative investments are subject to market risk, currency risk, foreign investment risks, liquidity risks, higher fees and expenses, regulatory restrictions, and volatility due to speculative trading and use of leverage.




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Guggenheim Investments represents the following affiliated investment management businesses of Guggenheim Partners, LLC: Guggenheim Partners Investment Management, LLC, Security Investors, LLC, Guggenheim Funds Investment Advisors, LLC, Guggenheim Funds Distributors, LLC, GS GAMMA Advisors, LLC, Guggenheim Partners Europe Limited and Guggenheim Partners India Management.