If you like AAA-rated Dimitry Griko’s Ucits strategy – to buy debt of high yield issuers without getting burned by default – but you wish he could push the concept further, then you might just love his new hedge fund.
The Arkaim Advisors CIO manages the firm’s emerging market corporate high yield debt fund, which is currently ranked second in Citywire’s Emerging Markets Global Corporates sector with a 24% return over three years.
He believes defaults do not always result in financial loss and that significant value can often be recovered from credit defaults.