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MT Thaler is an investment manager specialising in credit instruments such as bonds and corporate loans. We follow a rigorous and research intensive investment process that includes top-down macro research and bottom-up fundamental analysis. We analyse company-specific issues such as quality of earnings, corporate competitiveness and cash flow. We use our proprietary financial models and market screening tools to select assets and evaluate risk. The result of our disciplined investment and risk management process is a track record of success and superior risk-adjusted returns since we were founded in 2003.
Each of our senior managers has more than 15 years of experience and has worked at top name institutions as portfolio managers, analysts and traders. Our managing partners, John Vax and Michael Sonenshine, created MT Thaler to implement an investment methodology which aims to exploit the inefficiencies in European markets and generate high absolute returns. MT Thaler maintains a strategic partnership with OFI, one of France.s largest asset managers. OFI`s subsidiary, NewAlpha, seeded MT Thaler`s first product. OFI provides MT Thaler support in the area of risk management and product development.
MT Thaler has several products to match clients` liquidity preferences, risk profiles and return objectives.
The MT Thaler Short Term Bond Fund provides a practical, high yielding alternative to bank term deposits and money market funds. It invests in liquid, high quality government and corporate bonds maturing within 3.5 years. For clients with a medium-term investment horizon who seek to exploit the abundance of opportunities in the high yield bond markets we offer the ISCS High Yield Bond Fund and the MT Thaler Credit Opportunity Fund.
The ISCS High Yield Bond Fund is a classical UCITS III compliant open-end bond fund with a diversified selection of pan-European high-yield bonds. As the Fund`s investment advisor since September 2008 we have generated investment returns that place the fund in the top 10% among European high yield bond funds. Our absolute return driven Credit Opportunity Fund seeks high income and capital gains over time. The Fund pursues long and short directional and relative value strategies. It holds liquid performing bonds as well as bonds whose issuers are managing through a period of financial difficulty or restructuring their debt. The Fund also uses traditional hedging tools to reduce volatility and protect capital. Finally, for clients willing to sacrifice liquidity in exchange for high absolute returns The MT Thaler Distressed Investment and Loan Workout Team offer a tailored investment strategy of investments in distressed assets such as bonds and term loans. The Team also works with banks to recover value from problematic or defaulted loans.