Investment Approach

BOTTOM-UP CREDIT ANALYSIS:

Our investment approach is 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 Capital reviews the allocation of our portfolios by industry, we don't believe in limiting or forcing investment decisions based on a purely top-down analysis. Every industry has its winners and losers. Our focused strategy enables WhiteHorse Capital to identify the winners.

DIVERSIFICATION:

Another critical factor is diversification. By providing the proper diversification for each investment vehicle, WhiteHorse Capital minimizes risk while maintaining our clients' return objectives.

ACTIVE MANAGEMENT:

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 Capital, 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.

Our Investment Approach is Guided by Three Tenets: bottom-up credit analysis,
diversification,
and active management.