At AUIM, we manage portfolios under a uniform investment approach driven by a seasoned group of investment and risk management professionals. Performing in a team-oriented environment, we focus on fundamentals, positioning, technicals, and valuation throughout each step of the investment process. Our Credit Opportunities strategy is a fundamental, value-driven investment approach for stressed, distressed, and defaulted securities. Focus is given to fundamental analysis across a company's entire capital structure, and across different credits in order to determine the best risk-adjusted potential.
We begin our investment process with fundamental, independent bottom-up research across the lower quality portion of the leveraged finance market. The analysis is focused on a company's business, industry, and capital structure. Our research includes collaboration with Analysts and Portfolio Managers from different asset classes within the firm, particularly the high yield asset class. Further, it is key for our Distressed Team to highlight the value of assets available to creditors at various parts of the capital structure. This process incorporates all industry- and company-specific information to determine enterprise value. as well as analysis of how that value might be enhanced or compromised in an asset sale, restructuring, bankruptcy, or liquidation situation. This valuation is used as primary input to determine recovery value/asset coverage of particular securities within the capital structure, and subsequently to the relative attractiveness of those securities. This fundamental analysis looks at both risk-adjusted return potential within the company's capital structure, as well as amongst different credits.
We strive to fully leverage resources and provide optimal investment management services to our clients.