George Schultze, Schultze Asset Management
– Top decile performer since 2020 (HFRI ED: Distressed/Restructuring Index)
– Discusses 2024 market risks, opportunities and outlook
– 30 years of experience investing in Event-Driven and Distressed Securities
– Schultze Asset Management is based in New York
Market Outlook with Crescent Rock Capital Management, LP
We chat with Michael Marone, CIO and co-founder of Crescent Rock Capital Management, LP about his outlook for the year ahead in equities, and his views on where the biggest risk-reward tradeoffs may lie in 2024 and in the medium term. This interview was recorded on March 27th, 2024.
Our latest episode of Market Outlook features top performing manager Sal Naro, Coherence Credit Strategies. Sal discusses his expectations regarding the fixed income landscape and economic outlook in 2025, and describes his investment process and strategic thinking.
Manager: Sal Naro
Fund : Coherence Credit Strategies, New York
Parent Group: Tiptree Inc (TIPT) with AUM $1.6 billion
Strategy: Long/Short Fixed Income Credit with focus on corporate and sovereign investment grade, crossover, and high yield markets in North America and Europe.
Mission: Prioritize risk-adjusted absolute returns, capital preservation, and low volatility, viewing the fixed income landscape as an extension of equity markets.
Experience: 42 years experience in fixed income long/short credit
HFR Vital Stats:
- Top quartile performer in volatility and Sharpe Ratio in the HFRI RV: Fixed Income Corporate Index, over 2, 3, 5, and 7 year horizons
- Top quartile HFR Advanced Diversification metric of high alpha returns over 2, 3, 5, and 7 year horizons
Industry Awards:
2024 US Performance Award, HFM
2023 Best Credit Long/Short Fund, Hedgeweek
2022 Best Credit Long/Short Fund, Hedgeweek
2016 U.S. Performance Award, Alt Credit Intelligence
2014 Firm of the Year, Global Fixed Income, Alternative Investment