focuses on identifying dislocations across the capital structure. It utilizes a long / short, market neutral approach in credit and equity markets. Saba employs a rigorous investment process by combining quantitative models with in-depth fundamental and technical analysis.
seeks to provide a cost effective portfolio hedge with potentially strong absolute returns during periods of market stress and dislocation. This is implemented by investing primarily in credit default swaps (“CDS”) on a portfolio of low spread investment grade companies. In addition, Saba opportunistically buys CDS on indices and high yield companies, as well as equity puts and related instruments. By using proprietary tools and active portfolio management Saba aims to generate alpha relative to tail hedges that rely more heavily on passive index strategies.
focuses on securities that are trading at significant discounts to NAV, thereby offering more yield than their underlying fixed income instruments – predominately high yield bonds and loans. In addition, Saba selectively pursues an activist approach where corporate actions may be an effective tool to unlock shareholder value and monetize the discount to NAV. Saba seeks to generate superior absolute returns compared to high yield ETFs and similar instruments.