The firm’s proprietary method of finding value in the High Yield and Distressed space is the foundation of its success. This meticulous and repetitive technique manages risk and exploits opportunities, regardless of industry type, to find the right combination of market forces, situational factors and intangibles that provide the short and long term value investors expect.

The management team employs a unique 'Recovery Value Strategy' that uses an investment banking approach to identify worst-case scenario values in the event of liquidation or bankruptcy for each issue in the high yield and distressed credit space.

Simran Capital's core strategy includes a three-tiered credit research approach.

• The first tier, the portfolio managers utilize a proprietary statistical screening tool to analyze the global high yield universe to identify credits as rich or cheap.

• The second tier in the research process entails a high degree of investment banking valuation work, which leads our portfolio managers to generate a favorable or unfavorable opinion on each given credit. In this step, a raw recovery model is built for each security.

• The third tier determines if the portfolio managers continue to see value after the fundamental analysis, which is an assessment of market dynamics and statistics. Management's combined 80 years of expertise advising on over 200 high yield funds worldwide is used to fully understand the underlying basis to pinpoint ideal entry and exit targets for each security.