Since 2003, WhiteHorse has specialized in creating and managing investments in the high-yield and credit markets. Through CLO structures and other funds, we have invested billions of dollars in the senior leveraged loan market.
Since our founding, WhiteHorse has established itself as a premier manager in the credit markets. In addition to broad industry and asset-class experience, our team takes advantage of relationships and experience in the credit markets for access to ideas and investment opportunities.
OUR PORTFOLIO MANAGEMENT APPROACH IS GUIDED BY THREE TENETS: bottom-up credit analysis, diversification, and active management.
BOTTOM-UP CREDIT ANALYSIS:
Our portfolios are built on a foundation of rigorous, bottom-up qualitative and quantitative analyses. Buy and sell decisions are made on an individual credit basis. Although WhiteHorse reviews the allocation of our portfolios by industry, we do not believe in limiting or forcing investment decisions based on a purely top-down analysis.
Another critical factor is diversification. By providing the proper diversification for each investment vehicle, WhiteHorse minimizes risk while maintaining our clients' return objectives.
The third tenet of our investment approach is active management. We trade on fundamental and technical changes to take advantage of information mismatches in our markets. At WhiteHorse, portfolio optimization is not an annual exercise; we continually look to trade within and across industries as we make relative-value calls. Active management can extend to working out distressed credit situations where our investment professionals’ understanding of the complex restructuring process enables us to take an active role to positively impact the ultimate recovery, should the need arise.