Public Fund Strategy

Overview

The Avenue Public Fund Strategy seeks to achieve attractive risk-adjusted returns primarily by focusing on investments in public and private corporate debt throughout the U.S., Europe, Canada and Asia.

The Avenue Public Fund Strategy generally focuses on:

  • High yield bonds, bank loans, capital infusions, and stressed/distressed opportunities
  • Event driven strategies that require a catalyst to drive value higher

Approach

The Avenue Public Fund Strategy's investment professionals currently manage:

  • Open-end and closed-end mutual funds

Avenue's experienced investment professionals execute a value oriented approach through a bottom-up research process that seeks to capitalize on market inefficiencies.

The strategy generally targets investments in companies with the following attributes:

  • Dominant market share
  • Strategically important business
  • Consolidated industry
  • Catalyst to drive value higher
  • Margin of safety

Senior Management Team

The Avenue Public Fund Strategy is managed by a dedicated team of senior investment professionals who have spent virtually their entire careers in the high yield, levered loan and distressed debt markets.  In addition, the team has access to all investment professionals across the Avenue platform.  The senior management team includes:

Marc LasryChairman, Chief Executive Officer and Co-Founder
Sonia GardnerPresident, Managing Partner and Co-Founder
Jeff Gary Senior Portfolio Manager – Avenue Public Fund Strategy